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 c. The discount on short-term notes payable d. All of these are included
29. Which of the following is a current liability? a. Preferred dividends in arrears b. A dividend payable in the form of additional shares of stock c. A cash dividend payable to preferred stockholders d. All of these
30. Stock dividends distributable should be classified on the a. income statement as an expense. b. balance sheet as an asset.