Question: On December 3 1 , 2 0 2 3 , Sandy Company has a Note Receivable of $ 8 , 0 0 0 . The

On December 31,2023, Sandy Company has a Note Receivable of $8,000. The note will be collected in instaliments. $1,600 is due on December 31,2024 and $1,000 is due every yer ater Decenber 31,2024. The classification of the note on Sandy Company's balance sheet at December 31,2023 is:
A. $1,800 is a current asset and $6,400 is a long - term asset.
B. al $8,000 is a current asset.
C. all $8,000 is a long - term asset.
D. $6,400 is a curreet asset and $1,600 is a long - term asset.
On December 3 1 , 2 0 2 3 , Sandy Company has a

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