ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 284

c. Bonds (for which there is an adequate appropriation of
retained earnings) due in eleven months.

d. Bonds to be refunded when due in eight months, there being
no doubt about the marketability of the refunding issue.

28. Which of the following should not be included in the
current liabilities section of the balance sheet?

a. Trade notes payable

b. Short-term zero-interest-bearing notes payable