N.Y. Comp. Codes R. & Regs. tit. 16 § 197.5
Current through Register Vol. 46, No. 50, December 11, 2024
Current liabilities are those obligations the amount of which is definitely determined or closely estimated which are either matured at the date of the balance sheet or become due within a year from date of issuance or assumption or upon demand, except bonds, which shall be classed as long term debt (see section 196.1[a][20] of this Title), regardless of the period for which they are to run.
N.Y. Comp. Codes R. & Regs. Tit. 16 § 197.5