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 Method1. Accounts payable.Current liability2. Current portion of long-term debt.Current liability3. Sales tax collected from customers.Current liability4. Notes payable due next year.Current liability5. Notes payable due in two years.Long-term liability6. Advance payments from customers.Current liability7. Commercial paper.Disclosure note only8. Unused line of credit.Current liability9. A contingent liability with a probable likelihood of occurring within the next year and can be estimated.Current liability10. 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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