What is the definition of current liabilities? Why is it important to distinguish between current and long-term

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What is the definition of current liabilities? Why is it important to distinguish between current and long-term liabilities?

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Using Financial Accounting Information The Alternative to Debits and Credits

ISBN: 978-1133161646

7th Edition

Authors: Gary A. Porter, Curtis L. Norton

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Question Posted: Jan 12, 2012 02:14 AM

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What is the definition of current liabilities? Why is it important to distinguish between current and long-term

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Current liabilities are obligations which will be satisfied within one year The...View the full answer

Using Financial Accounting Information The Alternative to Debits and Credits

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