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Match the Liabilities with Their Usual Classification on the Statement

Question 58

Essay

Match the liabilities with their usual classification on the statement of financial position by entering the appropriate letters in the spaces.
Usual Classification
A. Current liability
B. Long-term liability
C. Current or long-term liability
D. None of the above Liabilities

Correct Answer:

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(1) A, (2) A, (3) A, (4) B, (5...

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