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Among the short-term obligations of Lance Company as of December 31, the balance sheet date, are notes payable totaling $250,000 with the Madison National Bank. These are 90-day notes, renewable for another 90-day period. What should these notes should be classified as on the balance sheet of Lance Company?

A. Intermediate debt

B. Long-term liabilities

C. Deferred charges

D. Current liabilities

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