Classify each of the following items as either: (4 points)

A. Current liability B. Long-term liability C. Not a liability

1. 60-day promissory note

2. Payment of a 4-year term loan due this year

3. Note payable due in full in two years.

4. FICA taxes payable

5. Prepaid Insurance

6. Final payment of a 30-year term loan due this year

7. Accounts payable

8. Salaries payable