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On December 30, 2019, a company issued a note payable of $50,000, of which $10,000 will be repaid each year. What is the proper classification

On December 30, 2019, a company issued a note payable of $50,000, of which $10,000 will be repaid each year. What is the proper classification of this note on the December 31, 2019, balance sheet?

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