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Identify if the following liabilities would be classified as current or non-current. Assume a December 31 year-end. 1. Demand loan 2. Accounts payable 3. Mortgage

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Identify if the following liabilities would be classified as current or non-current. Assume a December 31 year-end. 1. Demand loan 2. Accounts payable 3. Mortgage due in Feb. not refinanced by Dec 31 4. Loan covenant violation that the banker waived the right to collect by Dec 31. 5. Payroll taxes

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