A major difference between Accounts Payable and Notes Payable is that:

A) only Accounts Payable are classified as current assets.
B) Accounts Payable are more formal than Notes Payable.
C) only Notes Payable charge interest.
D) Notes Payable are only long-term assets.


C) only Notes Payable charge interest.

Business

You might also like to view...

The e-mail system was designed as an inexpensive, quick way of communicating via the World Wide Web.

Answer the following statement true (T) or false (F)

Business

Closing the sale is always the most difficult part of the sales presentation.

Answer the following statement true (T) or false (F)

Business

The FIFO method combines beginning inventory and current production to compute cost per unit of production

Indicate whether the statement is true or false

Business

What do the Uniform Guidelines do in relation to employment testing?

What will be an ideal response?

Business