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For the following situations, indicate if it is acceptable or unacceptable under GAAP. UV Corporation has several debt obligations. It discloses the debt maturity dates and interest rates as well as the required principal payments over the next five years. One of the debt agreements also requires the company maintain a debt to equity ratio of 1.5 or less and a current ratio of 1 or more. Since the company meets these ratios at year-end, it does not disclose the debt covenants. Riley Manufacturing purchased most of its equipment with installment 1. Acceptable under GAAP notes payable. These notes require monthly payments 2. Unacceptable under GAAP that include both principle and interest. None of the notes will be fully paid off in the next year. It presents all of this debt as long-term on its balance sheet. Trinkets, Inc. acquired their retail space by purchasing a building with cash and a long-term mortgage payable. The building is collateral for the mortgage. Trinkets reports the loan as long-term, and discloses its interest rate and required principal payments for the next five years. It does not disclose that the loan is a mortgage secured by the building