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    Understanding Business
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    Exam 17: Understanding Accounting and Financial Information
  5. Question
    Debts That Are Due in One Year or Less Are
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Debts That Are Due in One Year or Less Are

Question 229

Question 229

Multiple Choice

Debts that are due in one year or less are classified on the balance sheet as


A) current liabilities.
B) bonds payable.
C) callable bonds.
D) immediate expenses.

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