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Question 2 On January 1, 2017, Crane Company, a calendar-year company, issued $2440000 of notes payable, of which $610000 is due on January 1 for

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Question 2 On January 1, 2017, Crane Company, a calendar-year company, issued $2440000 of notes payable, of which $610000 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2017, is: O Current liabilities, $610000; Long-term Debt, $1830000. O Current liabilities, $2440000. O Long-term debt, $2440000. O Current liabilities, $610000; Long-term Debt, $1220000

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