- 1. T or F-Current liabilities are separated from long term liabilities on the balance sheet? - 2. T or F - Interest is payable on the entire line of credit regardless whether it is used? - 3. T or F-GST, HST and PST are all recoverable taxes? - 4. T or F-You can combine HST payable and recoverable when remitting your return? - 5. T or F-You include accrued interest payable in the long term debt balance? - 6. T or F-Companies should accrue vacation pay when earned