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When Preparing the Balance Sheet for AAA,Inc

Question 219

Multiple Choice

When preparing the balance sheet for AAA,Inc.for December 31,2015,which item would not be classified as a current liability?


A) Note payable due March 1, 2017
B) Accounts payable
C) Income taxes due on September 15, 2016
D) The current portion of a 30-year mortgage

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