Notes payable due within one year are usually shown in the
A) Current Assets section of the balance sheet.
B) Current Liabilities section of the balance sheet.
C) Other Expenses section of the income statement.
D) Long-Term Liabilities section of the balance sheet.

Question

Quizplus · Accepted Answer

Notes payable due within one year are considered current liabilities and should be shown in the Current Liabilities section of the balance sheet.

Notes Payable Due Within One Year Are Usually Shown in the