Question

Linton Company has these obligations at December 31:
(a) A note payable for $100,000 due in 2 years,
(b) A 10-year mortgage payable of $200,000 payable in ten $20,000 annual payments,
(c) Interest payable of $15,000 on the mortgage, and
(d) Accounts payable of $60,000. For each obligation, indicate whether it should be classified as a current liability.



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  • CreatedApril 07, 2014
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