Which of the following are included in current liabilities?

Which of the following are included in current liabilities?


I. Note payable to a supplier in 13 months.

II. Amount due from a customer last week.

III. Account payable to a supplier that is due next week.

IV. Loan payable to the bank in 10 months.


-I and III only.


-III and IV only.


-I, II, and III only.


-I, III, and IV only.


-I, II, III, and IV.



Answer: III and IV only


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