Question: Question 1 [5 points] The following items might appear on the balance sheet of a corporation that has a two-month operating mi cycle. Classify each

Question 1 [5 points] The following items might appear on the

Question 1 [5 points] The following items might appear on the balance sheet of a corporation that has a two-month operating mi cycle. Classify each item as either current liability, long-term liability, or not a liability, (a) Notes receivable in 180 days. (b) The portion of a long-term note that is due to be paid in 6 months. (C) Income taxes payable. (d) Accounts receivable. (e) Mortgage payable (portion due in 5 years). (Select One) (Select One) (Select One) (Select One) (Select One) Question 2 [5 points]

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