Which of the following items are normally classified as current liabilities for a company that has a one-year operating cycle? Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect. check all that apply Portion of long-term note due in 10 months. Note payable maturing in 2 years. Note payable due in 18 months. Accounts payable due in 11 months. FICA taxes payable. Salaries payable.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 24Q: Chemical Enterprises issues a note in the amount of $156,000 to a customer on January 1, 2018. Terms...
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Which of the following items are normally classified as current liabilities for a company that has a one-year operating cycle?

Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.

check all that apply

  • Portion of long-term note due in 10 months.
  • Note payable maturing in 2 years.
  • Note payable due in 18 months.
  • Accounts payable due in 11 months.
  • FICA taxes payable.
  • Salaries payable.
 
 
 
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