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Current liabilities includes all of the following except ​income tax payable. ​mortgage due to be paid...

Current liabilities includes all of the following except

​income tax payable.

​mortgage due to be paid this year.

​notes receivable.

​advance payments from customers.

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Expert Solution

Answer: Notes Receivables

note Receivables are not 'Included in the Current Liabilities it is Current Assets or Ln term assets. If the note is receivables with in the year, current Assets.

ekkarill92 answered 2 years ago
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