Question
On Peligrino Company's year ended May 1, 2022, it has a long term note payable of $800,000. Of that balance, $100,000 will be paid
On Peligrino Company's year ended May 1, 2022, it has a long term note payable of $800,000. Of that balance, $100,000 will be paid by May 1, 2022. How much of the note payable should Peligrino Company report as a non-current liability when they prepare the balance sheet for the year ended May 1, 2022? Multiple Choice $700,000 $800,000 $900,000 $100,000
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Fundamentals of Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
7th edition
1259722635, 978-1259722639
