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?

Current maturities of long-term debt

require an adjusting entry.
are optionally reported on the balance sheet.
can be properly classified during balance sheet preparation, with no adjusting entry required.
are not considered to be current liabilities.

Correct - Your answer is correct.

Wrong - Your answer is wrong.

Detailed Answer

Correct answer: (C)
can be properly classified during balance sheet preparation, with no adjusting entry required.

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