Economics · Current Liabilities
What are 'Current Liabilities' of a business enterprise?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Accumulated profits and reserves kept for future contingencies
- 2Long-term loans taken from financial institutions for expansion
- 3Debts or obligations that are reasonably expected to be paid within one year✓
- 4Obligations that are expected to be settled after a period of five years
Correct answer
Debts or obligations that are reasonably expected to be paid within one year
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