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Foo Fighters take out a two year note payable on June 1st 2015 with 10 percent interest payable yearly on May 31st. On December 31st

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Foo Fighters take out a two year note payable on June 1st 2015 with 10 percent interest payable yearly on May 31st. On December 31st 2015 they make the appropriate accrual for interest. On the year-end 2015 balance sheet, how should the liabilities be recorded? Select one: a. Note Payable - current liability: Interest Payable-non-current liability b. Note Payable - non-current liability; Interest Expense-non-current liability c. Note Payable - current liability; Interest Payable- current liability d. Note Payable - non-current liability; Interest Payable-current liability e. None of the above

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