财务会计英语练习附答案ch.docVIP

CHAPTER 11 CURRENT LIABILITIES Chapter 11—Current Liabilities TRUE/FALSE 1. Receiving payment prior to delivering goods or services causes a current liability to be incurred.文档来自于网络搜索 ANS: T DIF: 1 OBJ: 01 2. For a current liability to exist, the following two tests must be met. The liability must be due usually within a year and must be paid out of current assets.文档来自于网络搜索 ANS: T DIF: 1 OBJ: 01 3. All long-term liabilities eventually become current liabilities.文档来自于网络搜索 ANS: T DIF: 1 OBJ: 02 4. The borrower is the one who issues a note payable to a creditor.文档来自于网络搜索 ANS: T DIF: 2 OBJ: 0