Please post your response of at least 150 words to the following discussion question. We learned about current and noncurrent assets last week so this week we move to the other side of the balance

Please post your response of at least 150 words to the following discussion question.

We learned about current and noncurrent assets last week so this week we move to the other side of the balance sheet, liabilities:

What is a current liability? What is a noncurrent liability? What is the difference between the two types of liabilities? In which financial statement would you find these liabilities? Can you have a liability that is both current and noncurrent? Explain.

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