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ABC Company has a $64 million liability at December 31, 2021, of which $14 million is payable in 2022. In its December 31, 2021 balance
ABC Company has a $64 million liability at December 31, 2021, of which $14 million is payable in 2022. In its December 31, 2021 balance sheet, the company reports the $64 million debt as a: Multiple Choice $50 million current liability and a $14 million long term liability in the balance sheet. O $14 million current liability and a $50 million long-term liability in the balance sheet. 0 $64 million long-term liability in the balance sheet. $64 million current liability in the balance sheet
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