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On December 31, 2020, Mainstreet Inc. has a $100,000 note payable due on demand or on June 30, 2025, which ever is earlier, to First

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On December 31, 2020, Mainstreet Inc. has a $100,000 note payable due on demand or on June 30, 2025, which ever is earlier, to First Bank. The repayment of the note by First Bank is not expected at any point in 2021. How will the $100.000 note payable be classified on the December 31, 2020, balance sheet

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