Question: Current Attempt in Progress Busch Company has these obligations at December 31. For each obligation, indicate whether it should be classified as a current liability,

 Current Attempt in Progress Busch Company has these obligations at December

Current Attempt in Progress Busch Company has these obligations at December 31. For each obligation, indicate whether it should be classified as a current liability, long-term liability, or both. (a) A note payable for $100.000 due in 2 years. (b) A 10-year mortgage payable of $200,000 payable in ten $20,000 annual payments. Interest papable of $15,000 on the mortgage. (d) Accounts payable of $60,000

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