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Business, 04.07.2020 17:01 natalie2sheffield

Presented below are various account balances of K. D. Lang Inc.. Indicate whether each of the items below should be classified on December 31, 2020, as a current liability, a long-term liability, or under some other classification. Consider each one independently from all others; that is, do not assume that all of them relate to one particular business. a. Unamortized premium on bonds payable, of which $3,000 will be amortized during the next year. select a Classification b. Bank loans payable of a winery, due March 10, 2024. (The product requires aging for 5 years before sale and the loan will be paid from sales revenue.) select a Classification c. Serial bonds payable, $1,000,000, of which $200,000 are due each July 31. select a Classification d. Amounts withheld from employees' wages for income taxes. select a Classification e1. Notes payable due January 15, 2023. (operating cycle is greater than one year and current assets are used) select a Classification e2. Notes payable due January 15, 2023. (otherwise) select a Classification f. Credit balances in customers' accounts arising from returns and allowances after collection in full of account. select a Classification (g) Bonds payable of $2,000,000 maturing June 30, 2021. select a Classification h. Overdraft of $1,000 in a bank account. (No other balances are carried at this bank.) select a Classification (i) Deposits made by customers who have ordered

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Presented below are various account balances of K. D. Lang Inc.. Indicate whether each of the items...

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