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On December 31, 2015, Bertram Company had an outstanding note payable totaling $125,000. The note is due in equal annual installments of $25,000 on January

On December 31, 2015, Bertram Company had an outstanding note payable totaling $125,000. The note is due in equal annual installments of $25,000 on January 1 of each of the next 5 years. The current portion of long-term debt that should be reported on the December 31, 2015 balance sheet is


A. $0
B. $50,000
C. $25,000
D. $125,000

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