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Which of the following is the correct balance sheet classification of income taxes payable and...

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Accounting

Which of the following is the correct balance sheet classification of income taxes payable and deferred tax liabilities?

a. Income taxes payable is a current liability and deferred taxes payable is a noncurrent liability.

b. Income taxes payable is a noncurrent liability and deferred taxes payable is a current liability.

c. Both income taxes payable and deferred taxes payable are current liabilities

d. Both income taxes payable and deferred taxes payable

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