问题
单项选择题
Do the following characteristics have to be met in order to classify a liability as current on the balance sheet Characteristic 1: Settlement is expected within one year or operating cycle, whichever is less. Characteristic 2: Settlement will require the use of cash within one year or operating cycle, whichever is greater. Characteristic 1 Characteristic 2（）①A. No Yes ②B. No No ③C. Yes No
A. ①
B. ②
C. ③
答案
参考答案：B
解析：
A current liability is expected to be settled within one year or operating cycle, whichever is greater. It is not necessary to settle a current liability with cash. There are a number of ways to settle a current liability. For example, unearned revenue is a liability that is settled by providing goods or services.