Question
In the following information on GE Broadcastings liabilities at the end of December 31, 20X5: Trade payable of $317,000 Note payable of $245,000 due July
In the following information on GE Broadcastings liabilities at the end of December 31, 20X5:
Trade payable of $317,000
Note payable of $245,000 due July 1, 20X7
Interest accrued for note payable $8,000 (payable every quarter, the next payment being on April 1, 20X6)
Provisions for unbilled expenses of $40,000
Provision for employee benefit of $248,000 (first employee retirement expected in 20X9)
Interest-free loan from a shareholder, totaling $400,000, payable in eight equal quarterly installments, first payment due on March 1, 20X6.
What are GE Broadcastings current and non-current liabilities?
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