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On November 1, 2021, a company issued a note payable of $100,000, of which $10,000 will be repaid each year. What is the proper classification

On November 1, 2021, a company issued a note payable of $100,000, of which $10,000 will be repaid each year. What is the proper classification of the note on the company's December 31, 2022 balance sheet

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