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B. 50% busy with more than two engines
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Answer: D
NEW QUESTION: 2
Which of the following is a current liability?
A. Bonds
B. Depreciation
C. None of these answers
D. Preferred stock
E. Accounts payable
Answer: E
Explanation:
Explanation/Reference:
Explanation:
Only accounts payable would be a current liability. Current liabilities must be settled over the longer of one year or a firm's operating cycle; thus, the maximum time frame for settlement is one year. Preferred stock is generally not repaid, bonds are repaid over many years and depreciation is an expense not a liability.
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