The answer is "Current liabilities".

Step by step explanation:

1. Accrued expenses: These are expenses that a company has incurred but has not yet paid. They could be short-term or long-term, depending on when the company expects to pay them.

2. Current liabilities: These are debts or obligations that are due within one year. They include things like accounts payable, short-term loans, and other similar debts. So, this is the correct answer.

3. Current assets: These are assets that a company expects to convert to cash or use up within one year. They include things like cash, accounts receivable, and inventory. They are not a financial obligation.

4. Owners' equity: This is the amount of the business that belongs to the owners. It is not a financial obligation that must be repaid within one year.

Question

The answer is "Current liabilities".

Step by step explanation:

1. Accrued expenses: These are expenses that a company has incurred but has not yet paid. They could be short-term or long-term, depending on when the company expects to pay them.

2. Current liabilities: These are debts or obligations that are due within one year. They include things like accounts payable, short-term loans, and other similar debts. So, this is the correct answer.

3. Current assets: These are assets that a company expects to convert to cash or use up within one year. They include things like cash, accounts receivable, and inventory. They are not a financial obligation.

4. Owners' equity: This is the amount of the business that belongs to the owners. It is not a financial obligation that must be repaid within one year.

Knowee AI · Accepted Answer

The answer is "Current liabilities".

Step by step explanation:

1. Accrued expenses: These are expenses that a company has incurred but has not yet paid. They could be short-term or long-term, depending on when the company expects to pay them.

2. Current liabilities: These are debts or obligations that are due within one year. They include things like accounts payable, short-term loans, and other similar debts. So, this is the correct answer.

3. Current assets: These are assets that a company expects to convert to cash or use up within one year. They include things like cash, accounts receivable, and inventory. They are not a financial obligation.

4. Owners' equity: This is the amount of the business that belongs to the owners. It is not a financial obligation that must be repaid within one year.

Multiple Choice QuestionWhich financial obligation must be repaid within one year?Multiple choice question.Accrued expensesCurrent liabilitiesCurrent assetsOwners' equity

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