Question: Item 7 4 . 3 2 points eBook Print References Check my workCheck My Work button is now disabled Item 7 Which of the following

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Item 7
Which of the following is the best definition of a current liability?
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An obligation expected to be satisfied with current assets or by the creation of other current liabilities
An obligation payable within one year
An obligation payable within one year or within the normal operating cycle, whichever is longer
An obligation payable within one year of the balance sheet date

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