Nettie Inc. signed a 4 year note for $40,000 on August 1, 2015. $10,000 is due each year with the first payment made on August 1, 2016. How will this be shown on the balance sheet on December 31, 2015? a. $30.000 will be recorded as a long-term liability b. $40.000 will be recorded as a current liability c $40.000 will be recorded as a long-term liability d. $10,000 will be recorded as a long-term liability Clear choice Nextion