Liabilities not due within one year or the company's operating cycle,whichever is longer,are reported as current liabilities.

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tharun nilanka · Accepted Answer

Final Answer : False, Explanation :  Liabilities not due within one year or the company's operating cycle, whichever is longer, are reported as long-term liabilities, not current liabilities. Current liabilities are debts due within one year or the operating cycle, whichever is longer.

Liabilities not due within one year or the company's operating cycle,whichever is longer,are reported as current liabilities.

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