Question: Rodriguez Corporation includes the following items in its liabilities at December 31, 2012. 1. Notes payable, $25,000,000, due June 30, 2013. 2. Deposits from customers

Rodriguez Corporation includes the following items in its liabilities at December 31, 2012.

  1. Notes payable, $25,000,000, due June 30, 2013.
  2. Deposits from customers on equipment ordered by them from Rodriguez, $6,250,000.
  3. Salaries payable, $3,750,000, due January 14, 2013.

Instructions
Indicate in what circumstances, if any, each of the three liabilities above would be excluded from current liabilities.

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