Valuation of Liabilities An investor is attempting to determine how quickly Fozzel Corporation must pay the following liabilities:

Noninterest-bearing note payable (5-year)

Income taxes payable (current)

Accounts payable Lease obligations payable (10-year)

Unearned revenue Wages payable Deferred income taxes

a. Which of the above will require the use of cash currently on hand?

b. Which of the above will require the use of cash generated in future periods?

c. Which of the above is likely to be satisfied using something other than cash?

d. Which of the above will require total cash payments in excess of the amount recorded as a liability at the time the liability is recorded?