Which of the following defines current liabilities?

Current liabilities are defined as obligations that a business is required to settle within one year or within its normal operating cycle, whichever is longer. This means that current liabilities consist of debts, such as accounts payable, short-term loans, and other financial obligations, that will come due in the near term.

The correct choice indicates that these are debts the agribusiness must pay within the next accounting period, aligning exactly with the generally accepted definition of current liabilities. This concept is crucial for managing cash flow and understanding financial health, as it helps businesses to plan for their short-term financial commitments effectively.

In contrast, options suggesting that current liabilities are long-term obligations, short-term investments, or liabilities that are not owed do not accurately reflect the definition or nature of current liabilities within the context of financial statements and business operations.