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Question(s) / Instruction(s):

A short-term note payable:

a)            Is a written promise to pay a specified amount on a definite future date within one year or the companys operating cycle, whichever is longer

b)            Is a contingent liability

c)            Is an estimated liability

d)            Is not a liability until the due date

e)            Cannot be used to extend the payment period for an account payable

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