Howard Corporation issued a 20-year mortgage note (10) payable on January 1, 2017. At December 31, 2017,
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Howard Corporation issued a 20-year mortgage note (10) payable on January 1, 2017. At December 31, 2017, the unpaid principal balance will be reported as:
(a) a current liability.
(b) a long-term liability.
(c) part current and part long-term liability.
(d) interest payable.
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Related Book For 
Financial Accounting Tools For Business Decision Making
ISBN: 9781119316022
8th Edition
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
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