The Current Portion of a Long-Term Note Payable Is Classified

question 55

Multiple Choice

The current portion of a long-term note payable is classified on the balance sheet as a:

• A)current asset.
• B)current liability.
• C)long-term asset.
• D)long-term liability.

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Definitions:

Gender Dysphoria

Distress or discomfort that may occur when a person's gender identity does not align with their assigned sex at birth.

Stability

The state of being steady, consistent, or unchanged over time.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing thoughts, behaviors, and emotions.

Adult

An individual who has reached the age of maturity, typically recognized legally and socially, with responsibilities and independence.