Question: What are current liabilities? Multiple select question. Current liabilities are reported in the order of those to be settled first. Current liabilities are obligations that

What are current liabilities?
Multiple select question.
Current liabilities are reported in the order of those to be settled first.
Current liabilities are obligations that are not due to be settled within one year or the operating cycle, whichever is longer.
Current liabilities are obligations due to be paid within one year.
Current liabilities are property, plant and equipment that are tangible and depreciated.
Multiple select question.
The length of a company's operating cycle depends on its activities.
Most companies use a one-month period or operating cycle in deciding which assets and liabilities are current.
Most companies use a one-year period or operating cycle in deciding which assets and liabilities are current.
Most operating cycles are greater than one year.
The operating cycle is the time span from when cash is used to acquire goods and services until cash is received from the sale of goods or services.
Most operating cycles are less than one year.

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