Among Pineapple Limited’s short-term obligations, as noted on the statement of financial position, are notes payable totalling $250,000 with the Big 5 Bank. These are 90-day notes, renewable for another 90-day period. These notes should be classified on Pineapple’s statement of financial position as
Select one:
a. Shareholders' equity
b. Deferred charges
c. Current liabilities
d. Long-term liabilities