When a Company Accrues Interest Payable on a Long-Term Note

question 48

True/False

When a company accrues interest payable on a long-term note at year-end,the interest payable must be shown as a non-current liability on the balance sheet,along with the long-term note payable balance.

---

Definitions:

War on Drugs

An American-led global campaign of prohibition and foreign military aid and military intervention, with the aim of reducing the illegal drug trade.

Declared

Means to make a statement or announcement in a public, official, or definitive way.

Sentencing Policy

Guidelines and laws that determine the type and severity of punishment for crimes.

Public Involvement

The participation of ordinary citizens in the political, decision-making, or other relevant processes within their community or country.