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At December 31, 2014, Burr Corporation owes $726, 100 on a note payable duo February 15, 2015. If Burr refinances the obligation by Issuing a
At December 31, 2014, Burr Corporation owes $726, 100 on a note payable duo February 15, 2015. If Burr refinances the obligation by Issuing a long-term note on February 14 and using the proceeds to pay off the note due February 15, how much of the $726, 100 should be reported as a current liability at December 31, 2014? (Do not leave any answer field blank, enter 0 for amounts.) The amount to be reported as a current liability at December 31, 2014 If Burr pays off the note on February 15, 2015, and then borrows $1, 452, 200 on a long-term basis on March 1, how much of the $726, 100 should be reported as a current liability at December 31, 2014, the end of the fiscal year? (Do not leave any answer field blank, enter 0 for amounts.) The amount to be reported as a current liability at December 31, 2014
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