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    Accounting
  4. Exam
    Exam 11: Long-Term Liabilities, bonds Payable, and Classification of Liabilities on the Balance Sheet
  5. Question
    The Current Portion of Notes Payable Must Be Reported on the Balance
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The Current Portion of Notes Payable Must Be Reported on the Balance

Question 132

Question 132

True/False

The current portion of notes payable must be reported on the balance sheet combined with the long-term portion under long-term liabilities.

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