Question content area top

Part $1$

If a notes payable is reclassified from a

longminus$$term

liability to a

shortminus$$term

$$liability$,$ then$\_\_\_\_\_\_\_\_.$

Question content area bottom

Part $1$

A$.$

the amount of total liabilities stays the same.

B$.$

longminus$$term

liabilities increase.

C$.$

the total liabilities increase.

D$.$

current liabilities decrease.