Question

Which of the following is a current liability?

O A. service revenue
OB. a mortgage obligation
O C. accounts payable
OD. long-term notes payable

Answer 1

Option:-

• 
  `\rm{C ) Account \: Payable }`

`\:`

Ans:-

Current liabilities are typically settled using current assets, which are assets that are used up within one year.

• example:- Account Payable , short-term notes payable

`\:`

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hope it helps! :)