Multiple Choice
A company has $5,000,000 in long-term debt outstanding.They expect to repay it evenly over the next four years.Which of the following represents how it will be shown on the year-end balance sheet?
A) Accounts payable: $1,250,000, Long-term debt: $3,750,000
B) Current portion of long-term debt: $1,250,000, Long-term debt: $3,750,000
C) Current portion of long-term debt: $2,500,000, Long-term debt: $2,500,000
D) Long-term debt: $5,000,000
Correct Answer:
Verified
Correct Answer:
Verified
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