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Problem 1: Notes payable that are due in two years are
a. current liabilities.
b. long-term intangible assets.
c. long-term liabilities.
d. long-term investments.
Problem 2: A company may compare the amount of receivables in the current year to the amount of receivables in the previous year to estimate a trend in the company's ability to collect cash from customers. This type of analysis is known as
a. horizontal analysis.
b. time analysis.
c. vertical analysis.
d. turnover analysis.
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