Question: What distinguishes Current Liabilities from Non - Current Liabilities? Group of answer choices Current Liabilities are financial obligations due within a year, while Non -

What distinguishes "Current Liabilities" from "Non-Current Liabilities"?
Group of answer choices
Current Liabilities are financial obligations due within a year, while Non-Current Liabilities are due after one year.
Current Liabilities are owned assets, whereas Non-Current Liabilities are rented assets.
Current Liabilities represent the company's equity, while Non-Current Liabilities represent borrowed funds.
Current Liabilities are revenues received in advance, and Non-Current Liabilities are revenues earned.

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