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On December 31, 2020, Delta company has a Bonds Payable of $5,000,000 that maturing on December 31, 2024, the debt is callable by the lender
On December 31, 2020, Delta company has a Bonds Payable of $5,000,000 that maturing on December 31, 2024, the debt is callable by the lender at any time. How the debt should be classified? A. All $5,000,000 as Current liabilities. B. All $5,000,000 as Non-current Liabilities. C. $2,500,000 as Current Liabilities and $2,500,000 as Non-current Liabilities. D. None of the above is Correct. 
On December 31,2020 , Delta company has a Bonds Payable of $5,000,000 that maturing on December 31,2024 , the debt is callable by the lender at any time. How the debt should be classified? A. All $5,000,000 as Current labilities B. Ais $5,000,000 as Non-current Liabilitios. C. $2,500,000 as Current Liabilties and $2,500,000 as Non-curront Liabilities. D. None of the above is Correct
On December 31, 2020, Delta company has a Bonds Payable of $5,000,000 that maturing on December 31, 2024, the debt is callable by the lender at any time. How the debt should be classified?
A. All $5,000,000 as Current liabilities.
B. All $5,000,000 as Non-current Liabilities.
C. $2,500,000 as Current Liabilities and $2,500,000 as Non-current Liabilities.
D. None of the above is Correct.
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Auditing and Accounting Cases Investigating Issues of Fraud and Professional Ethics
Authors: Jay Thibodeau, Deborah Freier
4th edition
78025567, 978-0078025563
