1. When some portion of long-term debt is due within a current period, the whole amount of long-term debt should be listed as non-current liabilities if the current portion of long- term debt is less than half of the whole long-term debt amount a) True b) False 2. Accounts payable is a typical current liability account, but income taxes payable is not a) True b) False 3. Notes payable can be classified as current liabilities or non-current liabilities depending on whether the notes payable are due within a current period or not. a) True b) False 4 Unearned revenues like magazine subscriptions are generally classified as current liabilities a) True b) False 5. When probable and reasonably estimable, contingent gains are recognized on the DFocus - m.40 SP to search