A short-term note payable may include all of the following except:
A)A current portion of a long-term liability.
B)Unearned revenue.
C)Trade notes payable.
D)Non trade notes payable.

Question

Quizplus · Accepted Answer

Unearned revenue is not a note payable but rather a liability that represents revenue received before the service or product has been delivered. It does not involve a promise to pay cash like a note payable does.

A Short-Term Note Payable May Include All of the Following