A current liability is a debt that the company expects to pay within (　　) or the operating cycle, wh

A current liability is a debt that the company expects to pay within (　　) or the operating cycle, whichever is longer

1、A current liability is a debt that the company expects to pay within (　　) or the operating cycle, whichever is longer.

A、one year

B、5 years

C、10 years

D、20 years

【正确答案】A

【答案解析】A current liability is a debt that the company expects to pay within one year or the operating cycle

2、Full disclosure principle dictates that expenses should be matched with revenues in the period when efforts are expensed. (　　)

 对      错   

【正确答案】错

【答案解析】The matching principle dictates that expenses should be matched with revenues in the period when efforts are expensed.