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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
The current portion of long-term notes payable is ________.
A) typically included with the long-term liabilities on the balance sheet
B) recorded as an adjusting entry
C) the amount of principal that will be paid within five years
D) reclassified as current for reporting purposes on the balance sheet
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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.unplugged..unplugged.
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7 years ago
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H3Ko Author
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#2
7 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
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