Question: 3 1.25 points Save Answer On December 31, 2022, Lamar Co. owes $1,000,000 that is due on February 28, 2023. The company borrows $800,000 on
3 1.25 points Save Answer On December 31, 2022, Lamar Co. owes $1,000,000 that is due on February 28, 2023. The company borrows $800,000 on December 18, 2022 (5-year note) and uses the proceeds to pay down the $1,000,000 note and use other cash to pay the balance. How much of the $1,000,000 note is classified as current in the December 31 statement of financial position? COA $0 B. $800,000 OC $200,000 OD. $1,000,000
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