Which of the following items are normally classified as current liabilities for a company that has a
Question:
Which of the following items are normally classified as current liabilities for a company that has a 15-month operating cycle?
1. Portion of long-term note due in 15 months.
2. Note payable maturing in 2 years.
3. Note payable due in 18 months.
4. Note payable due in 11 months.
5. FICA taxes payable.
6. Salaries payable.
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