Question
On January 1, 2019, Mazzeo Company, a calendar-year company, issued $1,600,000 of notes payable, of which $400,000 is due on January 1 for each of
On January 1, 2019, Mazzeo Company, a calendar-year company, issued $1,600,000 of notes payable, of which $400,000 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2019, is
a. Current Liabilities, $1,600,000.
b. Long-term Debt, $1,600,000.
c. Current Liabilities, $800,000; Long-term Debt, $800,000.
d. Current Liabilities, $400,000; Long-term Debt, $1,200,000.
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Principles Of Food Beverage And Labor Cost Controls
Authors: Paul R. Dittmer, J. Desmond Keefe III
9th Edition
0471783471, 978-0471783473
