Short-term notes payable:
A)Can replace an account payable.
B)Can be issued in return for money borrowed from a bank.
C)Are negotiable.
D)Are an unconditional promise to pay.
E)All of the choices are correct.

Question

Quizplus · Accepted Answer

Short-term notes payable can replace an account payable, can be issued in return for money borrowed from a bank, are negotiable, and are an unconditional promise to pay. Therefore, all of the choices are correct.

Short-Term Notes Payable