The portion of a loan payable after twelve months is shown on the balance sheet as:...

Question

Question

The portion of a loan payable after twelve months is shown on the balance sheet as:

Select one:

a. a current loan payable

b. either current or non-current, at the discretion of management

c. a non-current loan payable

d. shareholders' equity

Answer 1

Answer #1

Ans:c. a non-current loan payable is Correct Answer

Explanation:

loan payable after twelve months is Considered as Non Current loan payable

Answer 2

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