19.

Region Jet has a $50 million liability at December 31, 2024, of which $17 million is payable in 2025. In its December 31, 2024 balance sheet, the company reports the $50 million debt as a:

Multiple Choice

• $33 million current liability and a $17 million long-term liability in the balance sheet.

• $17 million current liability and a $33 million long-term liability in the balance sheet.

• $50 million long-term liability in the balance sheet.

• $50 million current liability in the balance sheet.