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    College Accounting Study Set 2
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    Exam 12: Completion of the Accounting Cycle for a Merchandise Company
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    In What Category in a Classified Balance Sheet Is Mortgage
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In What Category in a Classified Balance Sheet Is Mortgage

Question 117

Question 117

Multiple Choice

In what category in a classified balance sheet is Mortgage Payable found?


A) Plant and Equipment
B) Current Liabilities
C) Long-term Liabilities
D) Both B and C are correct.

Correct Answer:

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