Notes Payable (Due in 60 Days)would Appear as A

question 123

Multiple Choice

Notes payable (due in 60 days) would appear as a:

• A)current liability on the Balance Sheet.
• B)current asset on the Balance Sheet.
• C)long-term asset on the Balance Sheet.
• D)long-term liability on the Balance Sheet.

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Definitions:

Genes

Units of heredity made up of DNA that carry information for the development, functioning, and reproduction of organisms.

Active

Engaged in movement or participation; not passive.

Inactive

Not engaging in physical activity or not currently in operation.

DNA

Deoxyribonucleic acid, a molecule that carries the genetic instructions used in the growth, development, functioning, and reproduction of all known living organisms and many viruses.