Question: When preparing financial statements for a new client, John Olsen noticed that long-term liabilities were not properly recorded. After discussions with the client, Mr. Olsen

When preparing financial statements for a new client, John Olsen noticed that long-term liabilities were not properly recorded. After discussions with the client, Mr. Olsen identified the amount of long-term debt that is due within the next year. Where did he record that amount on the balance sheet? Noncurrent liabilities Current assets Current liabilities Accrued expenses

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