Business, 11.05.2021 19:00 emilypzamora11
On January 1, 2020, Oriole Company, a calendar-year company, issued $2120000 of notes payable, of which $530000 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2020, is:
a. Current liabilities, $530000; Long-term Debt, $1060000.
b. Current liabilities, $2120000.
c. Current liabilities, $530000; Long-term Debt, $1590000.
d. Long-term debt, $2120000.
Answers: 2
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On January 1, 2020, Oriole Company, a calendar-year company, issued $2120000 of notes payable, of wh...
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