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    Explaining current liability

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    1. Chris Rock believes a current liability is a debt that can be expected to be paid in one year. Is Chris correct?
    Explain.

    © BrainMass Inc. brainmass.com March 4, 2021, 5:50 pm ad1c9bdddf
    https://brainmass.com/business/business-math/explaining-current-liability-13564

    Solution Preview

    Chris is correct.

    While this is generally true, more precisely a current liability is a ...

    Solution Summary

    The expert explains the current liabilities of debt.

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