Question: Wolfe, Inc. signed a $57,000 8% 30-year installment note on November 1, 2018. The note requires semiannual payments of $950 plus interest on May 1

 Wolfe, Inc. signed a $57,000 8% 30-year installment note on November

Wolfe, Inc. signed a $57,000 8% 30-year installment note on November 1, 2018. The note requires semiannual payments of $950 plus interest on May 1 and November 1 of each year. How will Wolfe classify this loan on its December 31, 2018 Balance Sheet? O A. Current Portion of Long - term debt, $0; Long-term debt, $57,000 O B. Current Portion of Long - term debt, $57,000; Long - term debt, $0 O C. Current Portion of Long - term debt, $1,900; Long - term debt, $55,100 OD. Current Portion of Long - term debt, $950; Long - term debt, $56,050

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