Question

Santana, Inc. reports the following liabilities (in thousands) on its January 31, 2014, balance sheet and notes to the financial statements.


Instructions
(a) Identify which of the above liabilities are likely current and which are likely long-term. List any items that do not fit in either category. Explain the reasoning for your selection.
(b) Prepare the liabilities section of Santana’s balance sheet as at January 31,2014.


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  • CreatedApril 07, 2014
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