MC Question On September 1, 2019, a company borrowed cash and signed a 1-year, interest bearing note on which both principal and interest are payable on September 1, 2021. How will the note payable and the related interest be classified in the December 31, 2019, balance sheet? Accrued Interest Note Payable Option A Current liability Option B Noncurrent liability Option C Current liability Option D Noncurrent liability Multiple Choice Option B Option D Noncurrent liability Current liability Current liability No entry A < Prev 21 of 30 Next >