Current Liabilities Which of the following items are normally classified as current liabilities for a company that has a one-year operating cycle? CL or LTL? 1. Portion of long-term note due in 12 months. .2. Note payable maturing in 2 years. -3. Note payable due in 18 months. 4. Note payable due in 11 months. -5. FICA taxes payable. 6. Salaries payable.

Current Liabilities Which of the following items are normally classified as current liabilities for a company that has a one-year operating cycle? CL or LTL? 1. Portion of long-term note due in 12 months. .2. Note payable maturing in 2 years. -3. Note payable due in 18 months. 4. Note payable due in 11 months. -5. FICA taxes payable. 6. Salaries payable.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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