Business, 17.04.2021 18:30 maxi12312345

Classify each of the following items as either : A. Current liability B. Long-term liability C. Not a liability
1. 60-day promissory note.
2. Payment of a 4-year term loan due this year.
3. Salaries payable.
4. FICA taxes payable.
5. Income taxes payable.
6. Payment of a 30-year term loan due this year.
7. Accounts payable.
8. Note payable due in full in two years.

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Classify each of the following items as either : A. Current liability B. Long-term liability C. Not...