Question

Current liabilities are due:

A) but not receivable for more than one year or the current operating cycle, whichever is longer.

B) but not payable for more than one year or the current operating cycle, whichever is longer.

C) and receivable within the current operating cycle or one year, whichever is longer.

D) and payable within the current operating cycle or one year, whichever is longer.

Answer

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