Classify given as a financial and an operating liability

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Question: 1. Classify each of the following as a financial liability, an operating liability, or neither:

a. Accrued compensation.

b. Deferred revenues.

c. Preferred stock.

d. Deferred tax liability.

e. Lease obligations.

f. Interest-bearing note payable.

2. From the point of view of the common shareholders, minority interest is a financial obligation. Correct?

Reference no: EM131490870

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