Submltted to Gradebook, Mon, Nov 18, 2019, 2:09:04 PM (Amerlca/New York -05:00) Question 6 --/1 View Policies Current Attempt in Progress At December 31, 2020, Oriole Corporation owes $500,000 on a note payable due February 15, 2021 If Oriole had restructured the note on December 15, 2020, such that Oriole has the contractual right to defer payment of $250,000 of the note until February 15, 2022, how much of the $500,000 should be reported as a current liability at December 31, 2020? $ The amount to be reported as a current liability at December 31, 2020 eTextbook and Media If Oriole pays off the note on February 15, 2021, and then borrows $1,000,000 on a long-term basis on March 1, how much of the $500,000 should be reported as a current liability at December 31, 2020, the end of the fiscal year? $ The amount to be reported as a current liability at December 31, 2020 eTextbook and Media Attempts: 0 of 2 used