Question: A company has a note payable that is due on December 31, Year 2. On its December 31, Year 1, statement of financial position, this

A company has a note payable that is due on December 31, Year 2. On its December 31, Year 1, statement of financial position, this note payable should be classified as a(n) current asset current liability noncurrent asset noncurrent liability expense revenue

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