Financial Accounting Liabilities What is the difference between a current liability and a long-term liability? How are liabilities taken into account when analyzing an organization’s current financial position? Is it better to have more money in liabilit

Financial AccountingLiabilitiesWhat is the difference between a current liability and a long-term liability?How are liabilities taken into account when analyzing an organization’s current financial position?Is it better to have more money in liabilities or equity?