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Sandoval Corp. has a mortgage loan payable on its manufacturing facility that has a remaining unpaid balance as of December 3 1 , 2 0
Sandoval Corp. has a mortgage loan payable on its manufacturing facility that has a remaining unpaid balance as of December of $ The principal portions of the next twelve monthly payments on the mortgage total $
Required:
Explain how the mortgage loan payable will be classified in Sandovals balance sheet.
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