1. 

2.

At December 31, 2018 X company liabilities included the following 10 million in notes payable that mature December 31, 2020, but investors have the option of calling the notes on July 31, 2019. Given prevailing market conditions, the call option is not expected to be exercised. $15 million of a non-callable 9% note matures on July 31^, 2019. Sufficient cash is expected to be available to retire the notes on maturity.

1. 15 Million Current, 10 Million Noncurrent
2. 25 Million Current
3. 10 Million Current, 15 Million Noncurrent
4. 25 Million Noncurrent
5. None of the above

Vacation pay (vested) Vacation pay Sick pay (vested) Sick pay (accumulated but not vested) $20,000 12,000 8,000 16,000 (accumulated but not vested) The costs are attributable to services which have already been rendered. The mininum the company must accrue as a liability for compensated absences is