Multiple Choice
Identify the classifications of the following accounts as either current or long-term liabilities for the December 31, 2016 balance sheet.
-An amount of money owed in 2017 to a creditor as an annual installment payment on a ten-year note, due June 30, 2022.
A) Current liability
B) Long-term liability
Correct Answer:
Verified
Correct Answer:
Verified
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