QUESTION 17 The carrying value of boride will equal the market price on the date of issuance at the end of the focal period. e at the close of every trading day dovery six months on the date interest is paid QUESTION 18 On January 1, 2017 Michelin Company, a calendar year company, issued 8,000,000 of mortgage notes payable, of which 3,000,000 is due on January 1 for each of the next three years. The proper statement of financial position presentation on December 31, 2017, la a. Current liabilities, 9,000,000 b. Non-current Liabilities, 4,500,000 c Current liabilities, 4,500,000; Non-current Liabilities, 4,500,000 d. Current libilities, 3,000,000; Non-current Liabilities, 6,000,000