Which of the following accounts could be categorized as either a current or noncurrent liability depending on date the debt is due?1. Notes payable and deferred taxes. 2. Accounts payable and current portion of long-term debt. 3. Deferred taxes and mortgages due in 30 years. 4. Long-term warranties and accounts payable.
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Home » Business » Which of the following accounts could be categorized as either a current or noncurrent liability depending on date the debt is due?1. Notes payable and deferred taxes. 2. Accounts payable and current portion of long-term debt. 3.