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  1. business
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  3. oder each of the following transactions, identify

oder each of the following transactions, identify which of the following transactions would be Lassified...

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Accounting

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oder each of the following transactions, identify which of the following transactions would be Lassified as a current liability and which would be classified as a non-current liability. For those that are neither, identify where they should be classified or disclosed. Cash received in advance by Air Canada for airline tickets on flights leaving next month HST collected on sales Unused amount of operating line of credit Provision relating to a lawsuit settlement expected to be paid next month Obligations due under operating leases Bonds payable, due in 10 years Payroll deductions withheld from the employees' weekly pay A bank loan payable due in two years Prepaid property tax A 25 year, $75,000 mortgage payable which is due in the next year An uncertain liability the outcome of which is considered to be remote

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