On January 1, 2018, Junction Limited, a Calendar-Year Company, Issued

Multiple Choice

On January 1, 2018, Junction Limited, a calendar-year company, issued $160,000 of notes payable, of which $65,000 is due on January 1 for each of the next four years. The proper statement of financial position presentation on December 31, 2018, is

A) Current Liabilities, $160,000.
B) Non-current Liabilities, $160,000.
C) Current Liabilities, $65,000; Non-current Liabilities, $95,000.
D) Current Liabilities, $95,000; Non-current Liabilities, $65,000.