Question: Where should debt callable by the creditor be reported on the debtor's financial statements? If it is probable that the creditor will call the debt

Where should debt callable by the creditor be reported on the

Where should debt callable by the creditor be reported on the debtor's financial statements? If it is probable that the creditor will call the debt within the year, it is a current liability. In all other cases, long-term liability. OIf the creditor intends to call the debt within the year, it is a current liability. In all other cases, long-term iability Current liability Long-term liability

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