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The Montreal Canadiens Co. had these balances in their accounts at December 31, 2019: - 4% note payable (issued Oct 1, 2019, maturing Sep 30,
The Montreal Canadiens Co. had these balances in their accounts at December 31, 2019: - 4% note payable (issued Oct 1, 2019, maturing Sep 30, 2020) - $250,000 - 6% note payable (issued Apr 1, 2019, payable in 6 equal annual instalments of $100,000 beginning Apr 1, 2020) - $600,000. The Montreal Canadiens Co. December 31, 2019 financial statements were to be issued on March 31, 2020. On January 15, 2020, all of the $600,000 balance of the 6% note was refinanced by issuance of a long-term note to be repaid in 2023. Further, on March 10, 2020, The Montreal Canadiens arranged to refinance the 4% note on a long term basis. Per IFRS, on the December 31, 2019 statement of financial position, the amount of the notes payable that the Montreal Canadiens Co. should classify as "current" liabilities is
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