Quiz Ch 01 – Classifying Notes Payable (Due in 60 Days) on the Balance Sheet

Financial Accounting

Thomas, Tietz, and Harrison

12th Edition

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What is the appropriate classification for Notes Payable (due in 60 days) on the Balance Sheet?

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  • Search Terms: (due a: a) appear as asset. c) asset. d) balance current days) in liability. liability. b) long-term notes on payable sheet the would
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