on November 1, 2014, EZ Products bird $48,000 on a 5%, 10 year note with annual installment payments of $4800 plus interest do you want November 1 of each succeeding year. How will they know if you shown on the balance sheet dated December 31, 2014?

a.) $40,000 shown as a current liability only

b.) $4800 shown as a current liability and $48,000 shown as a long-term liability

c.) $40,000 Shawn as a current liability and $43,200 shown as a long-term liability

d.) The entire $48,000 shown as a long-term liability

how do you know this?