Rios Raft Company had the following liabilities. Determine whether each liability would be considered a current liability​ (CL) or a​ long-term liability​ (LTL).   a. Accounts Payable CL b. Note Payable due in 3 years LTL c. Salaries Payable CL d. Note Payable due in 6 months CL e. Sales Tax Payable CL f. Unearned Revenue due in 8 months CL

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Rios Raft Company had the following liabilities. Determine whether each liability would be considered a current liability​ (CL) or a​ long-term liability​ (LTL).
 
a.
Accounts Payable
CL
b.
Note Payable due in 3 years
LTL
c.
Salaries Payable
CL
d.
Note Payable due in 6 months
CL
e.
Sales Tax Payable
CL
f.
Unearned Revenue due in 8 months
CL
 
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