Indicate whether each of the items above should be classified under IFRS on December 31, 2017 as a current or long-term liability or under some other classification. Consider each item independently from all others; that is, do not assume that all of them relate to one particular business. If the classification of some of the items is doubtful, explain why in each case.

1) A bank loans payable of a winery, due March 10, 2021 (wine requires aging for five years before it can be sold)

2) $12 million of serial bonds payable, of which $2 million is due each July 31

3) Amounts withheld from employees' wages for income tax purposes

4) Notes payable that are due February 20, 2020

5) Interest payable on a note payable (the note is due January 15, 2020 and the interest is due June 30, 2018)

6) Credit balance in a customer's account arising from returns and allowances after collection in full of the account

7) Bonds payable of $2 million maturing June 30, 2021

8) An overdraft of $1,000 in a bank account (no other balances are carried at this bank)

9) An overdraft of $1,000 in a bank account (other accounts are carried at this bank and have positive account balances)

10) Deposits made by customers who have ordered goods