Multiple Choice
The current portion of a long-term note payable is classified on the balance sheet as a:
A) current asset.
B) current liability.
C) long-term asset.
D) long-term liability.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q50: Bookkeeping is a mechanical part of accounting.
Q51: With regard to cash dividends:<br>A)they must be
Q52: Accounting is often called the language of
Q53: Receivables are classified as:<br>A)increases in earnings.<br>B)decreases in
Q54: Net income:<br>A)is calculated by subtracting total expenses
Q56: The Balance Sheet is used to prepare
Q57: Which of the following is a CORRECT
Q58: All of the following line items are
Q59: Which of the following is a TRUE
Q60: A potential investor,interested in predicting the earnings