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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
Which of the following is a characteristic of a current liability?
A) It cannot be settled with services.
B) It creates a present obligation for future payment of cash or services.
C) It is an avoidable obligation.
D) It occurs because of a future transaction or event.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Mrgo-breedMrgo-breed
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7 years ago
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H3Ko Author
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#2
7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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#3
7 years ago
Happy to help Smiling Face with Open Mouth
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