Identify if the following liabilities would be classified as current or non current. Assume a December 31

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Identify if the following liabilities would be classified as current or non current. Assume a December 31 year-end.
1. Demand loan
2. Accounts payable

3. Mortgage due in Feb. not refinanced by Dec 31
4. Loan covenant violation that the banker waived the right to collect by Dec 31.
5. Payroll taxes

Required:
Identify if the following liabilities would be classified as current or non-current.

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Intermediate Accounting Volume 2

ISBN: 9781260881240

8th Edition

Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel

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Question Posted: Apr 10, 2023 07:06 AM

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Identify if the following liabilities would be classified as current or non current. Assume a December 31

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Intermediate Accounting Volume 2

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