Busch Company has these obligations at December 31. For each obligation, indicate whether it should be classified as a current liability, long-term 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.

Busch Company has these obligations at December 31 . For each obligation, indicate whether it should be classified as a current liability. long term liability, or both. (a) A note payable for $100.000 due in 2 years. D) A 10year mortgage payatle of $200,000 payable in ten $20,000 annual payments. (c) Interest payabie of $15,000 on the mortgage. (d) Accounts payable of $60,000