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On January 1, 2020, Bolton Company, a calendar-year company, issued $1,000,000 of notes payable, of which $200,000 is due on January 1 for each of

On January 1, 2020, Bolton Company, a calendar-year company, issued $1,000,000 of notes payable, of which $200,000 is due on January 1 for each of the next five years. The proper statement of financial position classification on December 31, 2020, is

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