Can u explain the answer

N0.217 In Dec. of 2013, a company signed a promissory note and recorded a note payable of $150,000. This note is payable in three equal annual installments beginning from Dec. of 2014. How should the company report the note payable on its Dec. 31, 2013 balance sheet? A. $150,000 in current liability B. $150,000 in noncurrent liability 0. $50,000 in current liability and $100,000 in noncurrent liability 84 IT Certication Guaranteed. The Easy Way! D. $50,000 in noncurrent liability and $100,000 in current liability Answer:C A A