Question: View Policies Current Attempt in Progress At December 31, 2020, Skysong Corporation owes $532,300 on a note payable due February 15, 2021. (a) If

View Policies Current Attempt in Progress At December 31, 2020, Skysong Corporation

View Policies Current Attempt in Progress At December 31, 2020, Skysong Corporation owes $532,300 on a note payable due February 15, 2021. (a) If Skysong had restructured the note on December 15, 2020, such that Skysong has the contractual right to defer payment of $266,150 of the note until February 15, 2022, how much of the $532,300 should be reported as a current liability at December 31, 2020? The amount to be reported as a current liability at December 31, 2020 eTextbook and Media Save for Later $ LA Attempts: 0 of 3 used Submit Answer

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