Which of the following items are normally classified as a current liability for a company that has

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Which of the following items are normally classified as a current liability for a company that has a 15-month operating cycle?
1. Salaries payable.
2. Note payable due in 19 months.
3. FICA taxes payable.
4. Note payable maturing in 3 years.
5. Note payable due in 10 months.
6. Portion of long-term note due in 15 months.

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Fundamental Accounting Principles

ISBN: 978-0078110870

20th Edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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