Which of the following has an approximate forecast of 270 units?

It's important for partners to spell out the details of their partnership arrangements in writing because ________

A) the partnership is not a legally recognized business until the arrangement is in writing B) a written agreement will help reduce misunderstandings and disagreements among the partners C) putting the agreement in writing will limit the liability of each partner to a specified level D) doing so will make it easier to convert the business to a corporation at a later date E) the law requires these arrangements to be filed with state and federal authorities

The portion of long-term debt that matures during the coming year is classified as a current liability

Indicate whether the statement is true or false.