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On November 1 20X1 XYZ Company signed a $231000, 7%, six-month note payable with the amount borrowed plus accrued interest due six months later on

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On November 1 20X1 XYZ Company signed a $231000, 7%, six-month note payable with the amount borrowed plus accrued interest due six months later on May 1. 20X2 Which one of the following is correct with respect to the reporting of any accrued interest and the Note Payable (NP) on the December 21 20x1 balance sheet A B. C D Interest Payable current Hability current liability non current liability non current liability Note Payable non-current liability current liability non current liability current liability Multiple Choice "B

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