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The following items appear on the balance sheet of a company with a one-year operating cyde. Identity each item as a currently a long-term liability.

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The following items appear on the balance sheet of a company with a one-year operating cyde. Identity each item as a currently a long-term liability. or not a liability, Clasificar Item 1. Employee Union Dues Payable 2 Notes payable (due in 6 to 11 months) 3. Employee Medical Insurance Payable 4. Interest payable (due in 90 days) 5. Employee Federal Income Taxes Payable 6. FICA-Social Security Taxes Payable 7. Bonus payable to be paid in 60 days) 8. Notes payable (due in 120 days) 9. Bonds payable (due in 2 years) 10. Machinery (expected life of 4 years) Currently Long-term lability Not a Bability Naxt >

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