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Aircraft Supply issued a six-year interest-bearing note payable for $300,000 on January 1, 2020. Each January the company is required to pay $50,000 on the
Aircraft Supply issued a six-year interest-bearing note payable for $300,000 on January 1, 2020. Each January the company is required to pay $50,000 on the note. How will this note be reported on the December 31, 2021 statement of financial position? O Long-term debt, $200,000 O Long-term debt, $250,000; Long-term debt due within one year, $50,000 Long-term debt, $200,000; Long-term debt due within one year, $50,000 Long-term debt, $250,000
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