On December$31,2023,$ Sandy Company has a Note Receivable of

$ $9$ comma $500$$$9,500.$

The note will be collected in installments.

$ $1$ comma $900$$$1,900$

is due on December$31,2024$ and

$ $1$ comma $900$$$1,900$

is due every year after December$31,2024.$ The classification of the note on Sandy$$ Company's balance sheet at December$31,2023$ is:

Question content area bottom

Part $1$

A$.$

$ $7$ comma $600$$$7,600$

is a current asset and

$ $1$ comma $900$$$1,900$

is a

longminus$$term

asset.

B$.$

all

$ $9$ comma $500$$$9,500$

is a

longminus$$term

asset.

C$.$

all

$ $9$ comma $500$$$9,500$

is a current asset.

D$.$

$ $1$ comma $900$$$1,900$

is a current asset and

$ $7$ comma $600$$$7,600$

is a

longminus$$term

asset.