Question: On December 3 1 , 2 0 2 1 , L Inc. had a $ 2 , 4 0 0 , 0 0 0 note

On December

31, 2021,

L Inc. had a $

2, 400, 000

note issuing long

-

term bonds

.

Because L temporarily had excess cash bond offering proceeds to repay the note payable at its maturity and payable should L include in the current liabilities section of its December

31,

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