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    Fundamental Accounting Principles Study Set 3
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    Exam 11: Current Liabilities
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    Short-Term Notes Payable
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Short-Term Notes Payable

Question 42

Question 42

Multiple Choice

Short-term notes payable:


A) Can replace an account payable.
B) Usually represent money borrowed from a bank.
C) Are usually interest bearing.
D) Are recorded as current liabilities.
E) All of these answers are correct.

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