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Kananga Company has these obligations at December

Kananga Company has these obligations at December 31:

(A) A note payable for $100,000 due in 2 years

(B) A 10-year mortgage payable of$200,000 payable in ten $20,000 annual payments

(C) Interest payable of $15,000 on the mortgage

(D) Accounts payable of $60,000. For each obligation, indicate whether it should be classified as a current liability.

Apr 25 2018 View more View Less

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