The purpose of reporting current maturities of long-term debt is to: a. report any portion of a long-term borrowing that is to be paid in the upcoming accounting period as a current liability.
b. reclassify a portion of debt from the noncurrent section of the balance sheet to the current section of the balance sheet.
c. properly classify liabilities.
d. all of the above.

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Aprimary advantage of organizing economic activity within firms is thea. ability to coordinate highly complex tasks to allow for specialized division of labor. b. low administrative costs because of reduced bureaucracy. c. eradication of the principal-agent problem. d. high-powered incentive to work as salaried employees for an existing firm.

Trade will take place: a. if the maximum that a consumer is willing and able to pay is less than the minimum price the producer is willing and able to accept for a good. b. if the maximum that a consumer is willing and able to pay is greater than the minimum price the producer is willing and able to accept for a good. c. only if the maximum that a consumer is willing and able to pay is equal to the minimum price the producer is willing and able to accept for a good. d. none of the above.