Question: Received cash from borrowing on a 6 month note payable QUESTION 13 The De Santis Company has the following accounts and they want to know
Received cash from borrowing on a 6 month note payable QUESTION 13 The De Santis Company has the following accounts and they want to know where to put them on a classified Balance Sheet for 12/31/19 Notes receivable due 3/1/21 Notes payable due 3/25/20 Rent Expense The correct answer, in the order of the accounts as listed above, a. Noncurrent Assets, Noncurrent Liabilities, Noncurrent Assets b. Current Assets, Noncurrent Liabilities, Not on Balance Sheet Noncurrent Assets. Current Liabilities, Not on Balance Sheet d. Current Assets. Current Liabilities, Current Assets
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