Question: On December 3 1 , 2 0 2 4 , Barkey Inc. has an $ 8 0 0 , 0 0 0 note payable that

On December 31,2024, Barkey Inc. has an $800,000 note payable that matures April 1,2025.
a.(0.5 point) Barkey plans to refinance this note into a 3-year note payable on February 20,2025. Should Barkey report the $800,000 note payable as a current liability or a long-term liability on the December 31,2024 financial statements that are issued March 1,2025?(circle one)
On December 3 1 , 2 0 2 4 , Barkey Inc. has an $

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