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    Business
  3. Study Set
    Accounting Chapters 1 23
  4. Exam
    Exam 4: Completing the Accounting Cycle
  5. Question
    The First-Year Portion of a Three-Year Note Payable Would Be
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The First-Year Portion of a Three-Year Note Payable Would Be

Question 9

Question 9

Multiple Choice

The first-year portion of a three-year note payable would be classified as a:


A) current liability.
B) long-term liability.
C) current asset.
D) long-term asset.

Correct Answer:

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