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Howland Company has these obligations at Dcember 31st: (a) a note payable for 100,00 due in 2 years, (b) a 10 year mortgage payable of 200,000 payable in ten @20,000 annual payments Ã‚Â© interest payable of $15000 on the mortgage, and (d) accounts payable of 60,000. For each obligation, indicate whether it should be classified as a current liability
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