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please give correct answers both in 20 mins i will thumb up Question 6 Which of the following should be excluded from long-term liabilities? O

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please give correct answers both in 20 mins i will thumb up

Question 6 Which of the following should be excluded from long-term liabilities? O Obligations payable at some date beyond the operating cycle O Most pension obligations O Non-current liabilities that mature within the operating cycle and will be paid from a sinking fund None of these choices are correct. Question 7 A cash equivalent is a short-term, highly liquid investment that is readily convertible into known amounts of cash and O is acceptable as a means to pay current liabilities. has a current market value that is greater than its original cost. Obears an interest rate that is at least equal to the prime rate of interest at the date of liquidation. is so near its maturity that it presents insignificant risk of changes in interest rates

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