A Company Has a Note Payable That Is Due on December

question 183

Short Answer

A company has a note payable that is due on December 31, 2013. In its December 31, 2012, balance sheet, this note payable should be classified as a(n)____________________.

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Definitions:

Debris Flows

Rapidly moving masses of rock fragments, soil, and mud, with a large amount of water, often down mountain slopes.

Flash Floods

Rapid flooding of geomorphologic low-lying areas - washes, rivers, dry lakes, and basins caused by intense rainfall events or sudden release of water.

Soil Erosion

The removal of topsoil by water, wind, or human activity, leading to loss of nutrients and soil fertility.

Alluvial Fans

Cone-shaped deposits of sediment crossed and built up by streams, typical at the base of mountain ranges in arid and semi-arid climates.