Which of the following items would normally be classified as a current liability for a company that has a 15-month operating cycle?
a. A note payable due in 18 months.
b. Salaries payable.
c. A payable that matures in two years.
d. A note payable due in 10 months.
e. The portion of a long-term note that is due to be paid in 12 months.