The key distinction between current liabilities and long-term liabilities is:
a. The amount of the obligation to be satisfied-large versus small
b. To whom the obligation is owed-those inside versus those outside of the company
c. The length of time until the obligation is expected to be satisfied-less than one year versus more than one year, or operating cycle if longer
d. The nature of the obligation-determinable amount versus estimated amount
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Home » Business » The key distinction between current liabilities and long-term liabilities is: a. The amount of the obligation to be satisfied-large versus small b. To whom the obligation is owed-those inside versus those outside of the company c.