and so on...........................................................

Laura, the accountant for Ocsoc Ltd., is currently preparing the December 31, 2020, statement of financial position, and she asked you to help her classify the following liabilities Identify each of the liabilities as current or non-current (Long-term). (Note that some liabilities may be classified partially as current and partially as non-current.) a. In the month of December, Ocsoc accepted $220,000 in deposits for goods to be delivered to customers by March 2021 b. During December, Ocsoc withheld $6,000 from employee wages for CPP, EI, and taxes. The company is required to remit the amount to the government on January 15, 2021. c. In 2019, Ocsoc obtained a $96,000 five-year loan repayable at maturity. d. The company provides a one-year assurance-type warranty on its products and in December 2020 estimated a warranty expense of $21,000 e. At the end of December, Ocsoc owed suppliers $59,000 for goods purchased during the last quarter of the year, which will be settled in the first quarter of 2021. f. Ocsoc has a $48,000 loan, of which $4,800 is scheduled to be repaid in 2021. g. During 2020, Ocsoc exceeded its cash balance by $4,800 and the bank automatically activated a line of credit to cover the shortage Current Long-term a. b. Current Long-term Current and Long-term d. e. g. Current Long-term a. b. C. Current Long-term Current and Long-term d. e. g. Current Long-term a. b. Long-term e. Current and Long-term g