Which of the following would be classified as long-term debt? (a) Mortgages, current maturities of long-term debt,

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Which of the following would be classified as long-term debt?

(a) Mortgages, current maturities of long-term debt, bonds.

(b) Mortgages, long-term notes payable, bonds due in 10 years.

(c) Accounts payable, bonds, obligations under leases.

(d) Accounts payable, long-term notes payable, long-term warranties.

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Understanding Financial Statements

ISBN: 9780138114404

12th Edition

Authors: Lyn Fraser, Aileen Ormiston

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Question Posted: Apr 03, 2024 01:01 AM

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Which of the following would be classified as long-term debt? (a) Mortgages, current maturities of long-term debt,

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Understanding Financial Statements

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