Question: Current Attempt in Progress At December 3 1 , 2 0 2 0 , Pharoah Corporation owes $ 5 2 1 , 0 0 0
Current Attempt in Progress
At December Pharoah Corporation owes $ on a note payable due February
If Pharoah had restructured the note on December such that Pharoah has the contractual right to defer payment of $ of the note until February how much of the $ should be reported as a current liability at December
The amount to be reported as a current liability at December $
Question Part Score
If Pharoah pays off the note on February and then borrows $ on a longterm basis on March how much of the $$ should be reported as a current liability at December the end of the fiscal year?
The amount to be reported as a current liability at December $
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