Question

Debts listed as current liabilities are those that are due to be paid in more than one year b.are owed to the stockholders and will never be paid c.will be paid in less than one year d.are due to be paid in 5 to 10 years

Answer 1

The debts listed as current liabilities are those that will be paid in less than one year.

What does current liabilities entails?

In accounting, these are those liabilities or obligations which are due or to be paid in 12 months.

Hence, any debts listed as current liabilities are those that will be paid in less than one year.

Therefore, the Option C is correct.

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