If a long-term debt is paid in installments, the business will report the current portion of the note payable as a current liability

Indicate whether the statement is true or false


TRUE

Business

You might also like to view...

In equity theory, employees are motivated to   

A. work harder when they have more freedom. B. resolve feelings of injustice. C. correct themselves when they aren't working hard enough. D. blame others when they miss work or fail at tasks. E. work just hard enough to get what they want.

Business

Where can retailers obtain information about the nature of consumers in a trade area?

What will be an ideal response?

Business

A critical component of overcoming the barriers to encouraging sustainable consumer behavior is effective ________.

Fill in the blank(s) with the appropriate word(s).

Business

In the Keser v. Chagnon case, the Colorado court found that disaffirmance two months after reaching majority was within a reasonable time and that, since Chagnon had obtained the contract by false representation of his age, he could not recover his full consideration upon disaffirmance

a. True b. False Indicate whether the statement is true or false

Business