Notes payable due in 60 days) would appear as a:
A) current liability on the balance sheet.
B) long- term asset on the balance sheet.
C) current asset on the balance sheet.
D) long- term liability on the balance sheet.
Correct Answer:
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A)Assets
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A)decrease revenue on the income statement.
B)decrease
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A)statement of retained earnings.
B)income
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