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What do typical current liabilities include?

a. Prepayments by customers.

b. Travel advances to employees.

c. The principal portion of a mortgage note that is due beyond one year or the operating cycle, whichever is longer.

d. Accumulated depreciation.

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Question added by Mohamed Hakeem Meerashahib , Branch Manager , Sri Lanka State Trading (General) Corporation
Date Posted: 2016/02/14
Mahmoud Hamid
by Mahmoud Hamid , Finance Manager , Experts

a- prepayments/ adance by customers account is a current liability

 

Nadeem Mohammed
by Nadeem Mohammed , Chief Accountant , International Energy Company

Prepayments by customers because it is unearned revenue

elibert singson
by elibert singson , Accountant , ALGARAWI TRADING EST

a. prepayments by customers

Jafar  Ali Wahed Mohammed
by Jafar Ali Wahed Mohammed , Finance Manager , Al Jubiri Group

a) Prepayments by customers as these are in the nature of current liabilities. 

Ali AlJaafreh
by Ali AlJaafreh , Business Development Manager , Emkan Finance

The answer is: A. Prepayments by customers. 

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