On December 31, 2015, Bertram Company had an outstanding note payable totaling $125,000. The note is due in equal annual installments of $25,000 on January 1 of each of the next 5 years. The current portion of long-term debt that should be reported on the December 31, 2015 balance sheet is


A. $0
B. $50,000
C. $25,000
D. $125,000

Answer rating: 100% (QA)

Answer Date Answer December 31 2015 puit Bertram Company NA Annu... View the full answer