Ch 13 Test 3 1 0.00 points MC Qu. 65 LO 13-04 Branch Company, a bullding materials supplier, has.. Branch Company, a bulding materials supplier has $19,000.000 of notes payable due Apri 12, 2017 At ch signed an agreement with First Bank to borrow up to $19.000,000 to refinance December 31, 2016, Bran of the collateral that Branch classify the notes as follows on a long-term basis. The agreement specified that borrowings would not exceed 85% of the value provided At the date of issue of the December 31, 2016, financial statements, the value of Branch's colateral was $t9400000. On its December 31, 2016, balance sheet, Branch should $13000,000 of long-term liabilities. $16,490,000 long-term and $2.510.000 current liabimes O $2.850,000 long-term and $16150,000 current liabilities O $19,000.000 of current liabilities Multiple Choice MC Qu, 65 LO 13-0 Branch Company, a b supplies, has. TOSHIBA esc 2 3 4 5