Notes payable are considered short-term if they are due within the current operating cycle.

Name: Notes payable are considered short-term if they are due within the current operating cycle.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Notes payable are considered short-term if they are due within the current operating cycle, which is generally one year for most companies. It can be longer than one year if the company's operating cycle is longer.

Notes Payable Are Considered Short-Term If They Are Due Within