Question
On January 1, 2020, Oriole Company , a calendar-year company, issued $ 2120000 of notes payable, of which $ 530000 is due on January 1
On January 1, 2020, Oriole Company, a calendar-year company, issued $2120000 of notes payable, of which $530000 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2020, is:
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The correct answer is Current liabilities 530000 Longterm Debt 15...
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Cornerstones of Financial Accounting
Authors: Jay Rich, Jeff Jones
4th edition
978-1337690881, 9781337669450, 1337690880, 1337690899, 1337669458, 978-1337690898
