Current liabilities are a company’s short-term financial obligations that are due within one year or within a normal operating cycle. An operating cycle, also referred to as the cas… See more

Current liabilities are typically settled using current assets, which are assets that are used up within one year. Current assets include cash or accounts receivable, which is money o… See more

When a company determines that it received an economic benefit that must be paid within a year, it must immediately record a credit entry for a current liability. Depending … See more

Below is a current liabilities example using the consolidated balance sheet of Macy’s Inc. (M) from the company’s 10-Q report reported on Aug. 3, 2019. 1. We can see the compa… See more