On september 1 2005 a company borrowed cash and signed a, Ask an Expert

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On September 1, 2005, a company borrowed cash and signed a 1-year interest-bearing note on which both the principal and interest are payable on September 1, 2006. How will the note payable and the related interest be classified in the December 31, 2005 balance sheet?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M953486

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