Bramble Company issued a four-year interest-bearing note payable for $598000 on January 1, 2020. Each January...
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Bramble Company issued a four-year interest-bearing note payable for $598000 on January 1, 2020. Each January the company is required to pay $149500 on the note. How will this note be reported on the December 31, 2021 balance sheet? Long-term debt, $448500. Long-term debt, $299000; Long-term debt due within one year, $149500. Long-term debt, $448500; Long-term debt due within one year, $149500. Long-term debt, $598000. Bramble Company issued a four-year interest-bearing note payable for $598000 on January 1, 2020. Each January the company is required to pay $149500 on the note. How will this note be reported on the December 31, 2021 balance sheet? Long-term debt, $448500. Long-term debt, $299000; Long-term debt due within one year, $149500. Long-term debt, $448500; Long-term debt due within one year, $149500. Long-term debt, $598000.
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