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

\begin{array} { | l | l | } \hline\quad & \text { (1) Rent payable } \\\hline & \text { (2) Payroll Income Taxes payable } \\\hline & \text { (3) Interest payable } \\\hline & \text { (4) Mortgage payable (due in 2 years) } \\\hline & \text { (5) Bond payable, current portion } \\\hline & \text { (6) Notes payable } \\\hline & \text { (7) Cash deposits (advances) received from customer for services to be performed in } \\&\text { six months } \\\hline& \text { (8) Bonds payable (due in 6 years) } \\\hline& \text { (10) Accumulated Depreciation } \\\hline& \text { (11) Employee income taxes withheld } \\\hline& \text { (12) Trade receivables } \\\hline &\text { (13) Trade payables } \\\hline& \text { (14) Allowance for doubtful accounts } \\\hline& \text { (15) Current Income tax payable } \\\hline\end{array}

A Future Tax Asset Indicates That the Company

Multiple Choice

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