FUNDAMENTAL ACCT PRIN TEXT+CONNECT CODE
FUNDAMENTAL ACCT PRIN TEXT+CONNECT CODE
15th Edition
ISBN: 9781265564483
Author: Wild
Publisher: MCG
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Chapter 11, Problem 1QS

Classifying liabilities

C1

Which of the following items are normally classified as current liabilities for a company that has a 15-month operating cycle?

______1. Portion of long-term note due in 15 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.

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FUNDAMENTAL ACCT PRIN TEXT+CONNECT CODE

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