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On January 1, 2020, Ivanhoe Company, a calendar-year company, issued $936000 of notes payable, of which $234000 is due c January 1 for each of
On January 1, 2020, Ivanhoe Company, a calendar-year company, issued $936000 of notes payable, of which $234000 is due c January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2020, is: O Current liabilities, $936000. O Current liabilities, $234000; Long-term Debt, $702000. O Long-term debt, $936000. O Current liabilities, $702000; Long-term Debt, $234000
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