At December 31, 2020, Flounder Corporation owes $506,600 on a note payable due February 15, 2021. (a) If Flounder had restructured the note on December 15, 2020, such that Flounder has the contractual right to defer payment of $253,300 of the note until February 15, 2022, how much of the $506,600 should be reported as a current liability at December 31, 2020? The amount to be reported as a current liability at December 31, 2020 eTextbook and Media Save for Later $ Attempts: 0 of 3 used Submit Answer