Question: Current liabilities should not include long - term debt that is expected to be paid within the next year. must reasonably be expected to be
Current liabilities
should not include longterm debt that is expected to be paid within the next year.
must reasonably be expected to be paid within one year or the operating cycle, whichever is shorter.
must reasonably be expected to be paid within two years or the operating cycle, whichever is longer.
are obligations that a company is to pay within the coming year or its operating cycle, whichever is longer.
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