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Which would be classified as a noncurrent liability

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Reference no: EM132999200

Problem 1: Which of the following would be classified as a noncurrent liability?

a. Wages payable

b. Bank loan due in 6 months

c. Investment in the stock of another company.

d. Portion of mortgage payable not due within the next 12 months

Problem 2: Which of the following is NOT considered to be an owners' equity account?

a. Capital stock.

b. Retained earnings

c. Gain

d. All of these are owners' equity accounts

Reference no: EM132999200

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