Among Oslo Corp's short-term obligations, on its most recent statement of financial position date, are notes...

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Among Oslo Corp's short-term obligations, on its most recent statement of financial position date, are notes payable totalling $250,000 with the Provincial Bank. These are 90-day notes, renewable for another 90-day period. These notes should be classified on Oslo's statement of financial position as A) current liabilities. B) deferred charges. C) long-term liabilities. D) shareholders' equity. Among Oslo Corp's short-term obligations, on its most recent statement of financial position date, are notes payable totalling $250,000 with the Provincial Bank. These are 90-day notes, renewable for another 90-day period. These notes should be classified on Oslo's statement of financial position as A) current liabilities. B) deferred charges. C) long-term liabilities. D) shareholders' equity.

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