QS 10-1 Distinguishing between current and non-current liabilities LO1

Which of the following items should normally be classified as a current liability for Prairie Brewing Company? Prairie has a 15-month operating cycle.

1. A note payable due in 18 months.
2. Salaries payable.
3. A payable that matures in two years.
4. A note payable due in 10 months.

The portion of a long-term note that is due to be