Question: Identify the proper classification of each item below. In the space beside each item, write C for a current liability, L for long-term liability, or

Identify the proper classification of each item below. In the space beside each item, write C for a current liability, L for long-term liability, or N if it is not a liability.
_______ 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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