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    Accounting Study Set 1
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    Exam 14: Long-Term Liabilities
  5. Question
    A Mortgage Payable Is a Long-Term Debt That Is Backed
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A Mortgage Payable Is a Long-Term Debt That Is Backed

Question 14

Question 14

True/False

A mortgage payable is a long-term debt that is backed with a security interest in specific property.

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