Chapter 8 Homework Submit your answers in CANVAS before it is due Use the following to answer questions 1 - 5 Select the correct reporting method for each of the items listed below: Reporting Method A. Current Liability 1. Accounts payable B. Long term liability 2. Bond payable. C. Disclosure note only 3. Sales tax collected from customers. D. Not reported 4. Unused line of credit. 5. A contingent liability with a reasonably possible likelihood of occurring within the next year and cannot be estimated