A Company Has a Note Payable That Is Due on December

question 43

Short Answer

A company has a note payable that is due on December 31, 2020. In its December 31, 2019, balance sheet, this note payable should be classified as a(n) ____________________.

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Definitions:

Stepparents

Individuals who are married to a biological parent of a child and may take on parental responsibilities without being the child’s biological parent.

Nuclear Families

A family group consisting of two parents and their children (biological or adopted), considered a basic social unit.

Single-mother Households

Family units headed by a female parent without the presence of a spouse or male partner.

Single-father Households

Living arrangements where one man is the primary or sole caregiver and guardian for one or more children.