Question: Current Attempt in Progress Crane Inc. reports the following liabilities ( in thousands ) on its January 3 1 , 2 0 2 5 ,
Current Attempt in Progress
Crane Inc. reports the following liabilities in thousands on its January statement of financial position and notes to the financial statements.
Accounts payable
$
Notes payablelongterm
$
Accrued pension liability
Operating leases
Accrued liabilities
Loans payablelongterm
Bonds payable, due
Payrollrelated liabilities
Current portion of noncurrent debt
Shortterm borrowings
Income tax payable
Unused operating line of credit
Warranty payable
a
Identify which of the below liabilities are likely current, which are likely noncurrent or not classified in the liabilities section. Select NA for Not Applicable cases.
Account
Classification
Accounts payable
Current liabilityNoncurrent liabilityNA
Accrued pension liability
Current liabilityNoncurrent liabilityNA
Accrued liabilities
Current liabilityNoncurrent liabilityNA
Bonds payable, due
Current liabilityNoncurrent liabilityNA
Current portion of noncurrent debt
Current liabilityNoncurrent liabilityNA
Income tax payable
Current liabilityNoncurrent liabilityNA
Notes payablelongterm
Current liabilityNoncurrent liabilityNA
Operating leases
Current liabilityNoncurrent liabilityNA
Loans payablelongterm
Current liabilityNoncurrent liabilityNA
Payrollrelated liabilities
Current liabilityNoncurrent liabilityNA
Shortterm borrowings
Current liabilityNoncurrent liabilityNA
Unused operating line of credit
Current liabilityNoncurrent liabilityNA
Warranty payable
Current liabilityNoncurrent liabilityNA
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