3. Consider the following accounts and determine if the account is a current liability, a long-term liability, or neither. a. cash b. federal income tax payable this year c. long-term note payable d. current portion of a long-term note payable e. note payable due in four years f. interest expense g. state income tax

3. Consider the following accounts and determine if the account is a current liability, a long-term liability, or neither. a. cash b. federal income tax payable this year c. long-term note payable d. current portion of a long-term note payable e. note payable due in four years f. interest expense g. state income tax

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 2EA: Consider the following accounts and determine if the account is a current liability, a noncurrent...

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