Question: Dread Company issued a five year interest bearing note payable for $100,000 on January 1, 2019. Each January 1 beginning on January 1, 2020, the
Dread Company issued a five year interest bearing note payable for $100,000 on January 1, 2019. Each January 1 beginning on January 1, 2020, the company is required to pay $20,000 on the note. How will this note be reported on the December 31, 2019 balance sheet? Select one O a long term babies $20,000, current liabilities $80,000 o b Long form liabilities $80,000, current liabilities $20.00 o c. Current liabilities $100,000 O d. None of the above e. Long term abilities $100.000
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