Included in Harrison Inc

Multiple Choice

Included in Harrison Inc.'s account balances at December 31, 2020, were the following: Harrison's December 31, 2020 financial statements were to be issued on March 31, 2021. On January 15, 2021, the entire $ 600,000 balance of the 6% note was refinanced by issuance of a long-term note to be repaid in 2024. In addition, on March 10, 2021, Harrison made arrangements to refinance the 4% note on a long-term basis. Under IFRS, on the December 31, 2020 statement of financial position, the amount of the notes payable that Harrison should classify as current liabilities is

A) $ 0.
B) $ 100,000.
C) $ 250,000.
D) $ 350,000.