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Classify Liabilities. Taylor Company has the following obligations at Dec 31: 1. A note payable for $10,000 due in six months. 2. Unearned revenue of
Classify Liabilities. Taylor Company has the following obligations at Dec 31: 1. A note payable for $10,000 due in six months. 2. Unearned revenue of $12,500. 3. Interest payable of $15,000. 4. Accounts payable of $60,000. 5. Note payable due in two years. For each obligation, indicate whether or not it should be classified as a current liability show work
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