United Supply has a $25 million liability at December 31, 2018, of which $5 million is payable in each of the next five years. United Supply reports the liability on the balance sheet as:
A $5 million current liability and a $20 million long-term liability.
A $20 million current liability and a $5 million long-term liability.
A $25 million long-term liability.
A $25 million current liability.
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