Question: a. Discuss the differences between current and long-term liabilities. b. Identify three types of each. c. Indicate how such current liabilities reduce a firms need

a. Discuss the differences between current and long-term liabilities.

b. Identify three types of each.

c. Indicate how such current liabilities reduce a firm’s need for cash.

d. Discuss how noncurrent liabilities are used as a source of capital. LOP9

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