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1- Which of the following would most likely be classified as a current liability? a. Two-year Notes Payable b. Bonds Payable c. Mortgage Payable d.

1- Which of the following would most likely be classified as a current liability?

a. Two-year Notes Payable

b. Bonds Payable

c. Mortgage Payable

d. Unearne Rent

2- All long-term liabilities eventually become current liabilities

A- TRUE

B- FALSE

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