Z corporation owed the following notes payable, which will mature during the coming year. The corporation plans to settle the notes as follows:

Note payable A: Refinance by issuing a new 10-year bond. Note payable B: Give the holder merchandise inventory. Note payable C: Give the creditor their long-term investment in Z Corporation common shares.

Which note is properly classified as a current liability?

Note payable A Note payable B Note payable C All are current liabilities.