Home / Questions / 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.
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