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Anderson inc, has a $30,000,4% 7.year note that was issued May 31st,2015 which matures on May 314,2022. If the $30,000 is refinanced into a five-

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Anderson inc, has a $30,000,4% 7.year note that was issued May 31st,2015 which matures on May 314,2022. If the $30,000 is refinanced into a five- year note on Jinuarv 31 . 2022. before the financial statements have been issued, how will the $30,000 note payable be classified on the balance sheet on December 31 st, 2022 . Andersoris fiscal year end? Long-Term liability Current Asset Current Liability Recorded as an expense on the Income Statement Clear my selection

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