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Brief Exercise 10-1 Busch Company has these obligations at December 31. For each obligation, indicate whether it should be classified as a current liability, noncurrent

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Brief Exercise 10-1 Busch Company has these obligations at December 31. For each obligation, indicate whether it should be classified as a current liability, noncurrent liability, or both. (a) (b) (c) (d) A note payable for $100,000 due in 2 years. A 10-year mortgage payable of $200,000 payable in ten $20,000 annual payments. Interest payable of $15,000 on the mortgage. Accounts payable of $60,000

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