2.1 All of the following would be recorded in the financing section of the statement of cash flows except: Accumulated Depreciation Cash dividends paid to stockholders Payments made to creditors for issuing long term debt Cash receipts for issuance of bonds Question 5 Which of the following statements regarding liabilities is FALSE? The currently maturing portion of long term debt must be classified as a current liability The non-current portion of long-term debt will remained disclosed as a long-term liability Only current liabilities affect a company's working capital Current interest to be paid on bonds payable is considered a long-term liability, because it relates to the bonds
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The currently maturing portion of long-term debt must be classified as a current liability. - This statement is true. The portion of long-term debt that is due to be repaid within the next year is classified as a current liability. Show more…
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