Question 11 Which of the following is not a liability? . Accounts Payable OB. Interest Revenue Oc Sales Tax Payable OD. Deferred Revenue Question 12 In most cases, liabilities due in less than one year, long term liabilities . are classified as on the balance sheet. B. two years, current liabilities oc. one year, current liabilities OD. six months, long term liabilities See Answer Question 17 8 points On November 1, 2019, Pop's Burgers signed a $900,000,3%, six-month note payable with the amount borrowed plus accrued interest due she months later on May 1, 2020. Pop's Burgers should record which of the following adjusting entries at December 31, 2019? Interest Expense $4,500 OA Cash $4,500 Interest Expense $2,250 Interest Payable $2,250 $4,500 Interest Expense . Interest Payable $4,500 $2,250 Interest Payable OD Cash $2.250 Question 17 of 50 On November 1, 2019, Mom's Burgers signed a $400,000,6%, six month note payable with the amount borrowed plus accrued interest due six months later on May 1, 2020, The appropriate adjusting entry was recorded on Dec 31. On May 1, 2020 what is the appropriate journal entry for the repayment of the note payable? Note Payable $400,000 Interest Expense $12,000 Cash $412,000 Note Payable $400,000 Interest Expense $8,000 OB Interest Payable Cash $2,000 $400,000 Note Payable Interest Expense OC. Interest Payable Cash $400,000 $10,000 $2,000 $412,000 Note Payable Interest Expense OD. Interest Payable $400,000 $8,000 $4,000 Cash $412,000 Question 48 OA Which of the following is added to net income as an adjustment under the indirect method of preparing the statement of cash flows? decreases in accounts receivable increases in inventory increase in prepaid rent OB . OD decreases in accounts payable