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2. Indicate whether each of the following items is considered a current liability For items that could be current liabilities, indicate what information would be
2. Indicate whether each of the following items is considered a current liability For items that could be current liabilities, indicate what information would be needed in order to make a determination. Current Liability? If may be current liability, Item (yes, OR maybe) indicate what information is needed to make determination a. Accrued vacation pay b. Estimated taxes payable Service warranties on appliance sales d. Bank overdraft e. Employee payroll deductions unremitted. f. Unpaid bonus to officers. g. Deposit received from customer to guarantee performance of a contract h. Sales taxes payable Gift cards sold to customers but not yet redeemed. Premium offers outstanding. k. Discount on notes payable. Personal injury claim pending. m. Current maturities of long-term debts to be paid from current assets. n Cash dividends declared but unpaid Loans from officers
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