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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 Difference Between a Mortgage Payable and a Note Payable
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The Difference Between a Mortgage Payable and a Note Payable

Question 93

Question 93

True/False

The difference between a mortgage payable and a note payable is that notes payable are always long-term.

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