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21 Howland Company has these obligations at December 31. For each obligation, indicate whether it should be classified as a current liability. 1. A note
21 Howland Company has these obligations at December 31. For each obligation, indicate whether it should be classified as a current liability. 1. A note payable for $100,000 due in 2 years ____ 2. A 10-year mortgage payable of $200,000 payable in ten $20,000 annual payments ____ 3. Interest payable of $15,000 on the mortgage. ____ 4. Accounts payable of $60,000. ____ The options for the blanks 1-4 are: Yes or No. Thank you
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