is important to properly classify and report current and long-term liabilities because they affect liquidity and risk for a company.Look at Tootsie Roll Industries Inc.\’s most current annual report. Focus on the Balance Sheet, which Tootsie Roll Industries Inc. titles Consolidated Statements of Financial Position, and the notes following the financial statements. Answer the following questions in a clear and concise, professional business report. Use correct APA formatting.
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