Question: Question 9 --/10 View Policies Current Attempt in Progress Stacy Button has just approached a venture capitalist for financing for her new business venture, Skidium

 Question 9 --/10 View Policies Current Attempt in Progress Stacy Button
has just approached a venture capitalist for financing for her new business

Question 9 --/10 View Policies Current Attempt in Progress Stacy Button has just approached a venture capitalist for financing for her new business venture, Skidium Corporation, the development of a local ski hill. On July 1, 2018, Stacy borrowed $90,000 by signing a mortgage payable at an annual interest rate of 6%. The mortgage is repayable over 5 years in annual instalments, due each June 30. The first payment is due June 30, 2019 and the ski hill company's year-end will also be June 30. Show the statement of financial position presentation of the mortgage payable as of June 30, 2020. (Hint: Be sure to distinguish between the current and non-current portions of the mortgage.) (Round answers to the nearest whole dollar, e.g. 5,275.) SKIDIUM CORPORATION Statement of Financial Position (Partial) June 30, 2020 Current Liabilities Non-Current Liabilities

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