All of the following are characteristics of current liabilities except:
a. They may be replaced with a new short-term liability rather than being paid in cash.
b. They may involve estimated amounts.
c. They are due within one year or within the operating cycle, whichever is longer.
d. All three of the above are characteristic of current liabilities.
d
Business
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When are two sets of columns union compatible?
What will be an ideal response?
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When a voucher transaction does not fit in the special columns of the voucher register, it will be recorded in the:
A) general journal. B) sundry column. C) purchases debit column. D) Both B and C
Business