How would a bond payable be reported on the balance sheet if (a) It is payable within one year and (b) It is payable beyond one year ...

How would a bond payable be reported on the balance sheet if: (a) It is payable within

Question:

How would a bond payable be reported on the if:
(a) It is payable within one year and
(b) It is payable beyond one year?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...