Q1

Q

Q5

Q6

Q7:

Rios Raft Company had the following liabilities. Determine whether each liability would be considered a current liability (CL) or a long-term liability (LTL) Read the requrements Aegin weth the entry to recoed the sales (Phegave a singhe conpound eqtir for dis transoction) Requirements conceniy. If ogor cont of good wold a. Freeman estimates that it is reasonably possible but not likely that it will lose a current lawsuit. Freeman's aftorneys estimate the potential loss will be $4,500,000. b. Freeman recelved notice that it was being sued. Freeman considers this lawsult to be frivolous. c. Freeman is currently the defendant in a Lawsuit. Freeman believes it is likely that it will lose the lawsuit and estimates the damages to be paid will be $75,000. C C Click the icon fo view the tramactions 1 More info of \$2.40, plus siles trx of on. Mov, 15 Remited (Dacd the sdies tax to the dake of Timinese Ern ONoi Associxies roponed shoct term noles payatih and saleres pwyatle as folows IIII (Csck the icon to vere the short:term coles payable and salaries pryatio ) Jounaliee the payod of the shoe term notes payable from 20e3 : Data table