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      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.

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