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Which of the following will create a noncurrent liability? 1. Cash borrowed from a bank to be repaid in 3 years 2. Goods sold on
Which of the following will create a noncurrent liability?
1. Cash borrowed from a bank to be repaid in 3 years
2. Goods sold on credit
3. Interest on 12 percent, 5-year bonds due in 6 months
4. Rent received in advance for 3 months
5. Outstanding salaries for one month
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