Which of the following items are normally classified as current liabilities for a company that has a one-year operating cycle?1. Note payable due in 18 months.
2. Note payable maturing in 2 years.
3. Portion of long-term note due in 15 months.
4. Salaries payable.
5. FICA taxes payable.
6. Note payable due in 11 months.
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Home » Business » Which of the following items are normally classified as current liabilities for a company that has a one-year operating cycle?1. Note payable due in 18 months. 2. Note payable maturing in 2 years. 3. Portion of long-term note due in 15 months. 4.