Question: $ 2 0 , 0 0 0 , 0 0 0 . On its December 3 1 , 2 0 2 4 , balance sheet,

$20,000,000. On its December 31,2024, balance sheet, Branch should classify the notes as follows:
Multiple Choice
$18,000,000 of current liabilties.
$15,000,000 long-term and $3,000,000 current liabilitles.
$18,000,000 of long-term liabilities.
$4,500,000 short-term and $13,500,000 current liabilitues.
$ 2 0 , 0 0 0 , 0 0 0 . On its December 3 1 , 2 0

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