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On January 5, Daisy Co. , which follows a calendar year accounting, issued $1,000,000 of notes payable of which $250,000 is due on January 1

On January 5, Daisy Co. , which follows a calendar year accounting, issued $1,000,000 of notes payable of which $250,000 is due on January 1 each of the next four years. What would be the proper balance sheet presentation on December 31? Show the current liabilities and long-term liabilities. Current Liabilities ; Long-Term Debt:

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