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Which of the following statements is/are correct? 1. The principal but not the interest to be paid this year on a 30-year mortgage is properly

Which of the following statements is/are correct? 1. The principal but not the interest to be paid this year on a 30-year mortgage is properly classified on the Statement of Financial Position as a current liability. 2. A CD with a maturity of 9-months is classified as an investment asset on the Statement of Financial Position

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