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A written promise to pay a specified amount on a definite future date within one year or the company's operating cycle is called: current note

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A written promise to pay a specified amount on a definite future date within one year or the company's operating cycle is called: current note payable noncurrent note payable accounts payable long term debt An amount received in advance from customers for future goods or services is called: earned revenue expenses accounts receivable unearned revenue

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