Notes payable (due in 60 days)would appear on the balance sheet as a:
A)current liability.
B)current asset.
C)long-term asset.
D)long-term liability.

Name: Notes payable (due in 60 days)would appear on the balance sheet as a: A)current liability. B)current asset. C)long-term asset. D)long-term liability.
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Question

Quizplus · Accepted Answer

Notes payable due in 60 days are considered a short-term obligation that must be paid within the next 12 months, making it a current liability.

Notes Payable (Due in 60 Days)would Appear on the Balance