ABC has a $5 million liability at December 31, 2018, of which $1 million is...
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Accounting
ABC has a $5 million liability at December 31, 2018, of which $1 million is payable in each of the next five years. ABC reports the liability on the balance sheet as a Multiple Choice O $1 million current liability and a $4 million long term liability $4 million current liability and a $1 million long-term liability $5 million current liability $5 million long-term liability
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