Q 2.23: GHI Inc. owes $400,000 on a mortgage. The principal is repayable in equal instalments in each of the next four years. What will the company show for this mortgage payable on its statement of financial position? A A long-term liability of $400,000. A current liability of $100,000 and a long-term liability of $300,000. C A long-term liability of $100,000 and a current liability of $300,000. un D A current liability of $400,000