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Are my classifications correct? I know the numbers are correct. Enter the 2018 recorded amount for each account and then classify each liability account as
Are my classifications correct? I know the numbers are correct.
Enter the 2018 recorded amount for each account and then classify each liability account as operating or nonoperating. 2018 Amount Classification Notes payable to bank 39600 Nonoperating Current maturities of long-term debt 15374 Nonoperating Accounts payable 321419 Operating Operating Wages and related taxes 27704 Operating Property taxes 29117 20029 Insurance accruals Operating Other accrued expenses Operating 54607 Long-term debt, net of current maturities 1291725 Nonoperating Operating 341946 Deferred income taxes Operating Deferred compensation 15928 Insurance accruals, net of current portion 19748 Operating Other long-term liabilities 21589 Operating Total liabilities 2198786Step by Step Solution
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