On November 1 of 2014 easy products bad for $48000 on a 5% 10 year note with annual installment payments of 4800 plus interest due on November 1 of each succeeding year. How will the note be shown on the balance shest dates December 31, 2014?

On November 1, 2014, EZ Products borrowed $48,000 on a 596, 10-year note with How will the note be shown on the balance sheet dated December 31, 2014? $48,000 shown as current liability only $4,800 shown as current liability: $48,000 shown as long-term liability $4,800 shown as current liability: $43,200 shown as long-term liability The entire $48,000 shown as long-term liability Moving to another question will save this response