Question
In the statement of financial position, mortgage notes payable are reported as (ans is not a) A. a noncurrent liability only. ((((this is wrong ans)))))
In the statement of financial position, mortgage notes payable are reported as
(ans is not a)
A.
a noncurrent liability only. ((((this is wrong ans)))))
B.
a current liability except for the reduction in principal amount.
C.
both a current and a noncurrent liability.
D.
a current liability only.
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Accounting For Non-Accounting Students
Authors: John R. Dyson, Ellie Franklin
9th Edition
978-1292128979, 1292128976
