Business, 25.02.2020 23:16 shaloveywrighty5965

Included in Coronado Industries's liability account balances at December 31, 2020, were the following: 8% note payable issued October 1, 2020, maturing September 30, 2021 $368000 9% note payable issued April 1, 2020, payable in six equal annual installments of $227700 beginning April 1, 2021 910800 Coronado's December 31, 2020 financial statements were issued on March 31, 2021. On January 15, 2021, the entire $910800 balance of the 9% note was refinanced by issuance of a long-term obligation payable in a lump sum. In addition, on March 10, 2021, Coronado consummated a noncancelable agreement with the lender to refinance the 8%, $368000 note on a long-term basis, on readily determinable terms that have not yet been implemented. On the December 31, 2020 balance sheet, the amount of the notes payable that Coronado should classify as short-term obligations is

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Included in Coronado Industries's liability account balances at December 31, 2020, were the followin...

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