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2. A business purchases merchandise on credit in the amount of $ 45,000. When you receive the invoice, you have 60 days to pay it.

2. A business purchases merchandise on credit in the amount of $ 45,000. When you receive the
invoice, you have 60 days to pay it. This debt:
to. It is presented as Accounts payable for $ 45,000
b. It is presented as Accounts payable for the present value of
$ 45,000, payable within 60 days.
c. Because the company receives an invoice with a specific payment date, it is
classifies as a short-term note payable.
d. "B" or "c" at the choice of management.

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