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  3. Study Set
    Contemporary Accounting
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    Exam 5: Presentation of Financial Position and the Worksheet
  5. Question
    A Mortgage Payable That Had Only 12 Months Left Before
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A Mortgage Payable That Had Only 12 Months Left Before

Question 68

Question 68

True/False

A mortgage payable that had only 12 months left before due for repayment would be reclassified from a non-current liability to a current liability.

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