Question: ItemReporting Method 1 . Accounts payable.Current liability 2 . Current portion of long - term debt.Current liability 3 . Sales tax collected from customers.Current liability
ItemReporting Method Accounts payable.Current liability Current portion of longterm debt.Current liability Sales tax collected from customers.Current liability Notes payable due next year.Current liability Notes payable due in two years.Longterm liability Advance payments from customers.Current liability Commercial paper.Disclosure note only Unused line of credit.Current liability A contingent liability with a probable likelihood of occurring within the next year and can be estimated.Current liability A contingent liability with a reasonably possible likelihood of occurring within the next year and can be estimated.Disclosure note only
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