Business, 14.07.2019 15:00 homer57idkiminatest

Acompany has outstanding accounts payable of $30,000 and a short-term construction loan in the amount of $100,000 at year end. the loan was refinanced through issuance of long-term bonds after year end but before issuance of financial statements. how should these liabilities be recorded in the balance sheet? current liabilities of $130,000. current liabilities of $30,000, long-term liabilities of $100,000. current liabilities of $130,000, with required footnote disclosure of the refinancing of the loan. long-term liabilities of $130,000.

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Acompany has outstanding accounts payable of $30,000 and a short-term construction loan in the amoun...

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