Question: Use the following to answer questions 1 5 Reporting Method A. Current Liability B. Long term liability C. Disclosure note only D. Not reported Select

Use the following to answer questions 1 5

Reporting Method

A. Current Liability

B. Long term liability

C. Disclosure note only

D. Not reported

Select the correct reporting method for each of the items listed below:

1. __A___ Current portion of long-term debt

2. _____ Customers paid for services in advance

3. _____ Commercial paper issued by the company

4. __B___ Long term debt

5. _____ A loss contingency that is probable of occurring within the next year and can be estimated

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