Chapter 13, Problem 10ICA

To determine

Current liability: Current liability can be defined as the short term liability payable within less than a year.

(a)

To determine the management support on long-term classification of the obligation.

To determine

(b)

To determine impact on the statement of financial position classification at December 31, 2017.

To determine

(c)

To determine the debt maturing in March 2018 being included in current liabilities.