All of the following statements about current liabilities are true except:
a. Current liabilities are obligations which will be satisfied within one year.
b. Current liabilities are normally recorded at face value .
c. The current liability section never contains any portion of long-term liabilities.
d. Current liabilities finance the working capital of the company.
c
You might also like to view...
An ethical issue is an identifiable problem, situation, or opportunity requiring an individual to choose from among several actions that must be evaluated as right or wrong.
Answer the following statement true (T) or false (F)
The affordable method involves setting promotion budgets to match competitors' outlays
Indicate whether the statement is true or false
Which of the following is a sales practice that involves building, maintaining, and enhancing interactions with customers to develop long-term satisfaction through mutually beneficial partnerships?
A. Price-based selling B. Adaptive selling C. Stimulus-response selling D. Relationship selling
Effective marketing should begin with
A. an effort to persuade unwilling customers to buy the firm's products. B. evaluation of the effect of the firm's decisions on the macro-marketing system. C. potential customer needs. D. the marketing manager making important production, accounting, and financial decisions for the firm. E. a decision about what the firm can produce efficiently.