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Which of the following items is a current liability? a Bonds (for which there is an adequate sinking fund properly classified as a long-term investment)
Which of the following items is a current liability? a Bonds (for which there is an adequate sinking fund properly classified as a long-term investment) due in three months. b Bonds due in three years. c Bonds (for which there is an adequate appropriation of retained earnings) due in eleven months. d Bonds to be refunded when due in eight months, there being no doubt the marketability of the refund issue
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