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

Question

Quizplus · Accepted Answer

Notes payable due within one year are considered short-term liabilities and are therefore shown in the Current Liabilities section of the balance sheet.

Notes Payable Due Within One Year Are Shown in the