Match the Following Items with the Appropriate Designation (Current Liability

question 225

Multiple Choice

Match the following items with the appropriate designation (Current liability, Long-term liability, or Not a liability) .
-60-day promissory note

• A)Long-term liability
• B)Not a liability
• C)Current liability

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Definitions:

Managers

Those individuals in organizations who make decisions about the use of resources and who are concerned with planning, organizing, staffing, directing, and controlling the organization's activities to reach its objectives.

Product-Development Teams

A specific type of project team formed to devise, design, and implement a new product.