ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    In corporate finance, short-term liabilities are

    generally defined as obligations that:
    A Have a repayment period exceeding 3 years Correct Answer Incorrect Answer
    B Must be settled within 12 months or less Correct Answer Incorrect Answer
    C Are not reflected in the balance sheet Correct Answer Incorrect Answer
    D Are exclusively related to employee salaries and wages Correct Answer Incorrect Answer
    E Include only long-term loans converted to equity Correct Answer Incorrect Answer

    Solution

    Short-term liabilities, such as accounts payable and short-term loans, must be paid within a year and appear under current liabilities.

    Practice Next
    More Previous year papers Questions

    Relevant for Exams:

    ask-question