Which of the following is not a characteristic of a short-term note payable? A. Payment is due
Question:
Which of the following is not a characteristic of a short-term note payable?
A. Payment is due in less than a year.
B. It bears interest.
C. It can result from an accounts payable conversion.
D. It is reported on the balance sheet under noncurrent liabilities.
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Answer It is reported on the balance sheet under non current lia...View the full answer
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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