###1) Notes payable due within one year are shown in the

A)	Long-Term Liabilities section of the balance sheet.

B)	Current Liabilities section of the balance sheet.

C)	Other Expenses section of the income statement.

D)	Current Assets section of the balance sheet.

###2) The accounting assumption that the financial statements of a business reflect the activities of the business and not the activities of the owners is the:

A)	periodicity of income assumption.

B)	separate economic entity assumption.

C)	monetary unit assumption.

D)	matching assumption.