On December 3 1 , 2 0 2 3 , Cheyenne Ltd . has $ 3 1
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On December Cheyenne Ltd has $ in shortterm notes payable due on February On January Cheyenne arranged a line of credit with Caldi Bank, which allows Cheyenne to borrow up to $ at above the prime rate for three years. On February Cheyenne borrowed $ from Caldi Bank and used $ additional cash to liquidate $ of the shortterm notes payable. Assuming Cheyenne adheres to IFRS, the amount of the shortterm notes payable that should be reported as current liabilities on Cheyennes December statement of financial position to be issued on March is ?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: