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the answer: explain why 25,000,000 and 2,000,000 will be marked as current liability but 75,000,000 will not . 2. At December 31, bonds payable of
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explain why 25,000,000 and 2,000,000 will be marked as current liability but 75,000,000 will not .
2. At December 31, bonds payable of $100,000,000 are outstanding. The bonds pay 8% interest every September 30 and mature in installments of $25,000,000 every September 30, beginning September 30, 2023. 2. 2. Bonds payable of $25,000,000 and interest payable of $2,000,000 ($100,000,000 X.08 X 3/12) will be reported as a current liability. Bonds payable of $75,000,000 ($100,000,000 - $25,000,000) will be reported as a non-current liabilityStep by Step Solution
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