Notes Payable due within two years are classified as ________.
A) current liabilities
B) current assets
C) long-term liabilities
D) long-term assets

Name: Notes Payable due within two years are classified as ________. A) current liabilities B) current assets C) long-term liabilities D) long-term assets
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Question

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Notes Payable due within two years are classified as long-term liabilities because they are obligations that are not due within the current operating cycle or one year, whichever is longer.

Notes Payable Due Within Two Years Are Classified as ________