On December 31, 2020, Mainstreet Inc. has a $100,000 note payable due on demand or on June

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On December 31, 2020, Mainstreet Inc. has a \$100,000 note payable due on demand or on June 30, 2025, whichever is earlier, to First Bank. The repayment of the note by First Bank is not expected at any point in 2021. How will the $\$ 100,000$ note payable be classified on the December 31,2020 , balance sheet?

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