Question

In: Accounting

Current liabilities includes all of the followingexceptmortgage due to be paid this year.income...

Current liabilities includes all of the followingexcept

mortgage due to be paid this year.

income tax payable.

notes receivable.

advance payments from customers.

Solutions

Expert Solution

Option C is the answer

Notes Receivable

Notes Receivable is a current asset. Current liabilities are those obligations which are payable within a short period of time.


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