$($a$)$

A bank loan payable due in two years, with principal due at maturity and interest due the first of each month

select a type of liability$$Current liabilityCurrent liability and non$-$current liabilityNon$-$current liabilityNeither

$($b$)$

Cash received in advance by Air Canada for airline tickets on flights leaving next month

select a type of liability$$Current liabilityCurrent liability and non$-$current liabilityNon$-$current liabilityNeitherCorrect answer

$($c$)$

HST collected on sales

select a type of liability$$Current liabilityCurrent liability and non$-$current liabilityNon$-$current liabilityNeitherCorrect answer

$($d$)$

Unused amount of operating line of credit

select a type of liability$$Current liabilityCurrent liability and non$-$current liabilityNon$-$current liabilityNeither

$($e$)$

Provision relating to a lawsuit settlement expected to be paid next month

select a type of liability$$Current liabilityCurrent liability and non$-$current liabilityNon$-$current liabilityNeitherCorrect answer

$($f$)$

Lease liability with a term ending in three years

select a type of liability$$Current liabilityCurrent liability and non$-$current liabilityNon$-$current liabilityNeither

$($g$)$

Bonds payable, due in $10$ years

select a type of liability$$Current liabilityCurrent liability and non$-$current liabilityNon$-$current liabilityNeitherCorrect answer

$($h$)$

Payroll deductions withheld from the employees$$ weekly pay

select a type of liability$$Current liabilityCurrent liability and non$-$current liabilityNon$-$current liabilityNeitherCorrect answer

$($i$)$

Income tax pertaining to the company, due in $30$ days

select a type of liability$$Current liabilityCurrent liability and non$-$current liabilityNon$-$current liabilityNeitherCorrect answer

$($j$)$

A $$75,000$ mortgage payable, of which $$5,000$ is due in the next year

select a type of liability$$Current liabilityCurrent liability and non$-$current liabilityNon$-$current liabilityNeitherCorrect answer

$($k$)$

An uncertain liability, the outcome of which is considered to be remote

select a type of liability$$Current liabilityCurrent liability and non$-$current liabilityNon$-$current liabilityNeither

$($l$)$

Used $($borrowed$)$ portion of operating line of credit

select a type of liability$$Current liabilityCurrent liability and non$-$current liabilityNon$-$current liabilityNeitherCorrect answer

$($m$)$

Refund liability for products sold to customers but estimated to be returned soon

select a type of liability$$Current liabilityCurrent liability and non$-$current liabilityNon$-$current liabilityNeitherCorrect answer