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Q5 Nestern Wholesale Foods incurs the following expenditures during the current fiscal year. How should Western account for each of hese expenditures? Which of the

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Q5

image text in transcribed Nestern Wholesale Foods incurs the following expenditures during the current fiscal year. How should Western account for each of hese expenditures? Which of the following is not a current liability? Multiple Choice Notes payable due in six months. Current portion of long-term debt. An unused line of credit. Deferred revenue to be earned in nine months

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