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    Intermediate Accounting Study Set 2
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    Exam 3: The Balance Sheet and Financial Disclosures
  5. Question
    The Usual Difference Between Accounts Payable and Notes Payable Is
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The Usual Difference Between Accounts Payable and Notes Payable Is

Question 143

Question 143

Multiple Choice

The usual difference between accounts payable and notes payable is:


A) Legally enforceable debt.
B) Current-Long-term classification.
C) Known payment terms.
D) Explicitly stated interest.

Correct Answer:

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