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17. Among Oslo Corp.'s short-term obligations, on its most recent statement of financial position date, are notes payable totalling $250,000 with the Provincial Bank. These

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17. Among Oslo Corp.'s short-term obligations, on its most recent statement of financial position date, are notes payable totalling $250,000 with the Provincial Bank. These are 90-day notes, renewable for another 90-day period. These notes should be classified on Oslo's statement of financial position as a. current liabilities. b. deferred charges. c. long-term liabilities. d. shareholders' equity

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