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Our firm has an outstanding long-term note that was initiated 25 years ago. This note is maturing in June 2023. When preparing our annual balance
Our firm has an outstanding long-term note that was initiated 25 years ago. This note is maturing in June 2023. When preparing our annual balance sheet on December 31st, We will classify this note payable as a current liability. We will label this note payable as accounts payable instead. We will classify this note payable as non-current liability We do not need to record this note payable on the balance sheet
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