Reference no: EM131560679

1. Dec 2, 2005, A company declared $500,00 of cash dividends and 1,000 shares of $1 par value, market value $5, stock dividends to shareholders of record as of Dec 10.the dividends were to be paid and distributed on Jan 10,2006.

2. On July,2005, A company issued a 6 month, $100,000,9% note. The principle and interest will be paid at maturity.

3. A company collects 9% sales tax from customers, and remits each month's collection to the state on 10th of the month following the sale. The sales of Dec is $100,000, include sales tax this month.

What amount should be reported as current liability? If not, why?