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Which of the following items are normally classified as a current liability for a company that has a 16-month operating cycle? Note payable due in

    1. Which of the following items are normally classified as a current liability for a company that has a 16-month operating cycle?
  2. Note payable due in 18 months
  3. Note payable maturing in 2 years
  4. Portion of long-term note due in 15 months
  5. Salaries payable
  6. FICA taxes payable
  7. Note payable due in 11 months

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