Question
Match the way each of the items listed below with how it should be reported in a balance sheet at December 31, 2018 with choice
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Match the way each of the items listed below with how it should be reported in a balance sheet at December 31, 2018 with choice A, B, & C. A. Current liability B. Disclosure note only C. Long-term liability Customer advances. Noncommitted line of credit. Commercial paper. Note due June 9, 2019. Accounts payable. Long-term bonds that will be callable by the creditor in the upcoming year unless an existing violation is not corrected (there is a reasonable possibility the violation will be corrected within the grace period). Long-term bonds callable by the creditor in the upcoming year that are not expected to be called. Estimated cost of quality-assurance warranty. Interest accrued on note, Dec. 31, 2018. Short-term bank loan to be paid with proceeds of sale of common stock. A material gain contingent on a future event that appears extremely likely to occur in three months.
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