Business
Business, 25.11.2019 19:31, andrecoral105

Presented below are various account balances of k. d. lang inc.. indicate whether each of the items below should be classified on december 31, 2020, as a current liability, a long-term liability, or under some other classification. consider each one independently from all others; that is, do not assume that all of them relate to one particular business. classification (a) unamortized premium on bonds payable, of which $3,000 will be amortized during the next year. select a classification (b) bank loans payable of a winery, due march 10, 2024. (the product requires aging for 5 years before sale and the loan will be paid from sales revenue.) select a classification (c) serial bonds payable, $1,000,000, of which $200,000 are due each july 31. select a classification (d) amounts withheld from employees' wages for income taxes. select a classification (e1) notes payable due january 15, 2023. (operating cycle is greater than one year and current assets are used) select a classification (e2) notes payable due january 15, 2023. (otherwise) select a classification (f) credit balances in customers' accounts arising from returns and allowances after collection in full of account. select a classification (g) bonds payable of $2,000,000 maturing june 30, 2021. select a classification (h) overdraft of $1,000 in a bank account. (no other balances are carried at this bank.) select a classification (i) deposits made by customers who have ordered goods. select a classification

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