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Which of the following is true about a notes payable due within one year? a.It is classified as an Expense on the income statement. b.It

Which of the following is true about a notes payable due within one year?

a.It is classified as an Expense on the income statement.

b.It is classified as an Income on the income statement.

c.It is classified as Current Liabilities on the balance sheet.

d.It is classified as Current Asset on the balance sheet.

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