1. Which of the following items should be recorded as a current liability and which should be recorded as a non-current liability? If any items are neither a current or non-current liability, state where they should be classified on the financial statements.

1. Cash received in advance by Westjet for airline tickets on flights that will depart in two months time.
2. Provision relating to a lawsuit settlement expected to be paid next month.
3. Bonds payable, due in 12 years
4. Payroll deductions withheld from the employees weekly pay
5. A $250,000 mortgage, of which $14,000 is due in the next year