Kananga company has these obligations at december 31 a a

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Reference no: EM13613939

Kananga Company has these obligations at December 31: (a) a notepayable 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 themortgage, and (d) accounts
payable of $60,000. For each obligation, indicate whether it shouldbe classified as a current liability.

Reference no: EM13613939

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