Multiple Choice
On January 1 2017 Key Company a calendar-year company issued $250000 of notes payable of which $62500 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31 2017 is
A) Current Liabilities $250000.
B) Long-term Debt $250000.
C) Current Liabilities $62500; Long-term Debt $187500.
D) Current Liabilities $187500; Long-term Debt $62500.
Correct Answer:
Verified
Correct Answer:
Verified
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