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Sagot :
The Obligations to be paid within one year or the company's operating cycle, whichever is longer is current liabilities.
Therefore option A is correct.
What are Liabilities?
Liability refers to the future sacrifices of economic benefits that the company is obliged to make to other entities as a result of past transactions or other past events. These sacrifices may include the usage of the companies assets or other valuables.
Current liabilities therefore are those liabilities that are to be settled in cash within the fiscal year or the operating cycle of a given firm.
Some examples of liabilities include the following
- Accounts payable
- short term loans
- Interest payable
- Bank overdraft
Learn more about liabilities at https://brainly.com/question/14921529
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