When can a liability be classified as$$ current?

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Part $1$

A$.$

Current liabilities are obligations that the firm expects to liquidate by obtaining$$ long$-$term debt. Current liabilities will typically be paid within $30$ days. Current liabilities commonly include only accounts payable and$$ short$-$term notes payable.

B$.$

Current liabilities are obligations that the firm expects to liquidate through the use of both current assets and the creation of other current liabilities. Current liabilities will typically be paid within three operating cycles. Current liabilities commonly include accounts$$ payable, short$-$term notes$$ payable, long$-$term$$ debt, and accrued liabilities.

C$.$

Current liabilities are obligations that the firm expects to liquidate through the use of cash. Current liabilities will typically be paid within $30$ days. Current liabilities commonly include accounts payable and$$ short$-$term and$$ long$-$term notes payable.

D$.$

Current liabilities are obligations that the firm expects to liquidate through the use of current assets or the creation of other current liabilities. Current liabilities will typically be paid within one year or operating$$ cycle, whichever is longer. Current liabilities commonly include accounts$$ payable, short$-$term notes$$ payable, current maturities of$$ long$-$term debt, accrued$$ liabilities, and unearned revenues.