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Prepare the liabilities section of Skysongs balance sheet as at January 31, 2017. Return to Blackboard Help I System Announcements Exercise 10-15 Skysong, Inc. reports

Prepare the liabilities section of Skysongs balance sheet as at January 31, 2017.
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Return to Blackboard Help I System Announcements Exercise 10-15 Skysong, Inc. reports the following liabilities (in thousands) on its January 31, 2017, balance sheet and notes to the financial statements. $4,392.0 Mortgage payable 1,354.0 Operating leases Accounts payable Accrued pension liability Unearned rent revenue Bonds payable $6,845.0 1,878.0 1,650.0 Notes payable (due in 2020) 351.0 651.0 Current portion of mortgage payable 2,228.0 Notes payable (due in 2018) 2,584.0 287.0 Unused operating line of credit 505.0 1,841.0 2,003.0 Salaries and wages payable Income taxes payable Your answer is correct. Identify which of the above liabilities are likely current and which are likely long-term. Account Classification Long-term Liability Unearned rent revenue Current Liabilityv

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