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A Major Difference Between Accounts Payable and Notes Payable Is

Question 8

Multiple Choice

A major difference between Accounts Payable and Notes Payable is that:


A) only Accounts Payable are classified as current assets.
B) Notes Payable are more formal than Accounts Payable.
C) only Notes Payable charge interest.
D) Notes Payable are only long-term assets.

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