ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 289
c. losses expected to be incurred within the next twelve months
in excess of the company's insurance coverage.
d. none of these.
33. Which of the following is a characteristic of a current
liability but not a long-term liability?
a. Unavoidable obligation.
b. Present obligation that entails settlement by probable future
transfer or use of cash, goods, or services.