Current liabilities are defined as

A) obligations that will be paid by refinancing through issuing new long-term liabilities
B) obligations that will be paid by using existing resources properly classified as current assets
C) obligations that will be paid out of a fund classified as a long-term investment
D) obligations that will be paid by using existing resources, regardless of their classification

Current Liabilities

Short-term financial obligations that are due within one fiscal year or the operating cycle, whichever is longer.

Refinancing

The process of replacing an existing loan with a new loan, typically with better terms, to improve financial outcomes.

Long-Term Investment

An asset purchased with the goal of holding the investment for a period typically exceeding one year, often to generate revenue over time or appreciate in value.