Which of the following is a current liability? (a) Notes Payable (due in 2 years) (b) Bonds Payable (c) Unearned Revenue (d) Equipment
Which of the following is a current liability? (a) Notes Payable (due in 2 years) (b) Bonds Payable (c) Unearned Revenue (d) Equipment
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 13MC: Which of the following is not a characteristic of a short-term note payable? A. Payment is due in...
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Transcribed Image Text:Which of the following is a current
liability?
(a) Notes Payable (due in 2 years)
(b) Bonds Payable
(c) Unearned Revenue
(d) Equipment
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