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The following items appear on the balance sheet of a company with a one - year operating cycle. Identify each item as a current liability,
The following items appear on the balance sheet of a company with a oneyear operating cycle. Identify each item as a current liability, a longterm liability, or not a liability.
tableItemClassification Employee Union Dues Payable, Notes payable due in to months Employee Medical Insurance Payable, Interest payable due in days Employee Federal Income Taxes Payable, FICASocial Security Taxes Payable, Bonus payable to be paid in days Notes payable due in days Bonds payable due in years Machinery expected life of years
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