Which of the following items are normally classified as a current liability for a company that has
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Which of the following items are normally classified as a current liability for a company that has a 15-month operating cycle?
1. Note payable due in 18 months. 4. Salaries payable.
2. Note payable maturing in 2 years. 5. FICA taxes payable.
3. Portion of long-term note due in 15 months. 6. Note payable due in 11 months.
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Related Book For 
Fundamental Accounting Principles Volume 2
ISBN: 9780077716660
21st Edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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