Notes payable due in six months are reported as a. Current liabilities on the balance sheet. b.
Question:
Notes payable due in six months are reported as
a. Current liabilities on the balance sheet.
b. Current liabilities on the income statement.
c. Contra-assets on the income statement.
d. Long-term liabilities on the balance sheet.
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Related Book For
Financial Accounting
ISBN: 978-0134725987
12th edition
Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
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