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100 POINTS HELP Which is a source of a current liability?

A. Credit Union
B. Suppliers
C. Bank
D. Mortgage company

User HJW
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2 Answers

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B. Suppliers

are a company's short-term financial obligations that are due within one year or within a normal operating cycle.
User Dagorym
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B. Suppliers.

A current liability is a debt or obligation that a company is expected to pay within one year or within its operating cycle, whichever is longer. Suppliers are a common source of current liabilities because a company may purchase goods or services on credit and have to pay the supplier within a short period of time, typically within 30 to 90 days. The other options, such as credit unions, banks, and mortgage companies, are financial institutions that a company may have a relationship with, but they are not sources of current liabilities.

User Itachi Sama
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