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QUESTION 39 A current liability is a debt that can reasonably be expected to be paid within one year of the operating cycle, whichever is longer between 6 months and 18 months. out of currently recognized revenues out of cash currently on hand. QUESTION 40 Intanpble assets are the rights and privileges that result from ownership of long-lived assets that must be generated internally are depletable natural resources, have been exchanged at a gain do not have physical substance. QUESTION 41 Joe Noy's regular rate of pay is 843 per hour with one and one-half times her regular rate for any hours which exceed 40 hours per week. She worked 47 hours last week Calculate Joe's overtime pay. (Answer should be rounded to two decimal places, .e. 2,986.666 would be entered as 2,986.67)