Question 4 (1 point) Which of the following statements is true? "Current maturities of non-current debt refers to the amount of interest on notes payable that must be paid in the current year. If any portion of a non-current liability is to be paid in the next year, the entire debt should be classified as a current liability. Even though current and non-current debt must be shown separately on the statement of financial position, it is not necessary to prepare a journal entry to recognize this. A non-current liability is an obligation that is expected to be paid within one year. Question 5 (1 point) A receivable is recognized regardless of collection risk. when the sales effort is substantially complete. only when payment has been received. when a service is performed