Question
Novak Corp. issued a five-year interest-bearing note payable for $ 366000 on January 1, 2019. Each January the company is required to pay $ 73000
Novak Corp. issued a five-year interest-bearing note payable for $366000 on January 1, 2019. Each January the company is required to pay $73000 on the note. How will this note be reported on the December 31, 2020, balance sheet?
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
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