Which of the following refers to obligations a company expects to pay within one year?

The correct choice refers to "Current Liabilities," which are defined as obligations that a company anticipates settling within a year. This classification is fundamental in financial accounting as it helps stakeholders assess the short-term financial health of a business.

Current liabilities include debts such as accounts payable, short-term loans, and other obligations that are due to be settled in the near future. This category is important because it reflects a company's liquidity and operational efficiency, indicating how well the company can meet its short-term obligations with its current assets.

In contrast, noncurrent liabilities relate to obligations that extend beyond one year, such as long-term loans or bonds payable. Short-term debt is a component of current liabilities, but does not encompass the full range of obligations that could be classified as current. Working capital, while related to current liabilities, refers specifically to the difference between current assets and current liabilities, focusing on the company's ability to cover its short-term obligations with its short-term assets. Thus, the classification of obligations expected to be paid within one year aligns specifically with the term current liabilities.