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Notes payable due in six months are reported as a. Current liabilities on the balance sheet. b. Current liabilities on

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Notes payable due in six months are reported as

a. Current liabilities on the balance sheet.

b. Current liabilities on the income statement.

c. Contra-assets on the income statement.

d. Long-term liabilities on the balance sheet.

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Related Book For  answer-question
Financial Accounting

Financial Accounting

ISBN: 978-0134725987

12th edition

Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.

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Question Details
Chapter # 8- Current and Contingent Liabilities
Section: Short Exercises
Problem: 30
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Question Posted: June 17, 2019 09:43:53
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