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peachtree inc recently rebounded from financial troubles. To satisfy an overdue liability 02 and equipment supplier, the company issued a liability to satisfy the debt
peachtree inc recently rebounded from financial troubles. To satisfy an overdue liability 02 and equipment supplier, the company issued a liability to satisfy the debt at a later date, which also bears interest at 9% annual rate. Is the newly issued liability and example of an accounts payable, short term note payable, or current portion of long-term debt?
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