Identify the proper classification of each item below. In the space beside each item, write C for
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_______ a. Bank loan payments due in the next 12 months
_______ b. Income taxes payable
_______ c. Estimated property taxes
_______ d. Warranty liability
_______ e. Unearned revenue
_______ f. Note payable in 120 days
_______ g. Mortgage payable payments do not start for 13 months
_______ h. Bank overdraft
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Related Book For
Horngrens Accounting
ISBN: 978-0133855371
10th Canadian edition Volume 1
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood
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