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2. Identify each of the following liabilities as current or non-current on Nada Corp.'s December 31, 2018 balance sheet (4 points): Accounts payable Bond liabilities

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2. Identify each of the following liabilities as current or non-current on Nada Corp.'s December 31, 2018 balance sheet (4 points): Accounts payable Bond liabilities due February 28, 2021 Notes payable due November 30, 2019 Salaries payable 15 3. Nada Corp, has accounts receivable of $30,000 and accounts payable of $20,000 16 on December 31, 2018. According to IAS No. 1, should Nada Corp. report accounts 17 receivable and accounts payable separately on the balance sheet or should Nada Corp. 18 net the two numbers and report accounts receivable of $10,000 and not report 19 accounts payable? Please mark an X next to the correct answer (2 points): Report accounts receivable and accounts 20 payable separately Net accounts receivable and accounts 21 payable

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