Notes Receivable Due in 60 Days Would Be Classified as A

question 112

Multiple Choice

Notes receivable due in 60 days would be classified as a:

• A)long- term asset on the balance sheet.
• B)long- term liability on the balance sheet.
• C)current liability on the balance sheet.
• D)current asset on the balance sheet.

---

Definitions:

Dissonance

A state of conflict or inconsistency between a person's beliefs, attitudes, or actions, leading to psychological discomfort.

Attribution

The process by which individuals explain the causes of behavior and events.

Personal Disposition

An individual's inherent qualities of mind and character.

Social Situation

any scenario in which individuals interact with each other, involving the exchange of information or communication.