Question
Keller Company issued a five-year interest-bearing note payable for $300000 on January 1, 2016. Each January the company is required to pay $60000 on the
Keller Company issued a five-year interest-bearing note payable for $300000 on January 1, 2016. Each January the company is required to pay $60000 on the note. How will this note be reported on the December 31, 2017, balance sheet?
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
8th edition
978-1118953815, 978-1118953907
