Question: eBook Balance Sheet Classification At the balance sheet date, a business owes a mortgage note payable of $ 4 6 8 , 0 0 0

eBook
Balance Sheet Classification
At the balance sheet date, a business owes a mortgage note payable of $468,000, the terms of which provide for monthly payments of $1,300.
How should the liability be classified on the balance sheet?
Current liability: $
Long-term liability:
eBook Balance Sheet Classification At the balance

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