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Use the Present Value and Future Value Tables Included in Appendix

Question 81

Multiple Choice

Use the present value and future value tables included in Appendix 8 and on the textbook companion website.
- Which of the following is LEAST likely to be classified as a long-term liability?


A) Salaries payable
B) Mortgage payable
C) Lease obligations
D) Deferred income taxes payable

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