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On January 1, 2020, Ermler Company, a calendar-year company, issued $2000000 of notes payable, of which $500000 is due o
Posted: Sun Jul 03, 2022 3:51 pm
by answerhappygod
- On January 1 2020 Ermler Company A Calendar Year Company Issued 2000000 Of Notes Payable Of Which 500000 Is Due O 1 (52.82 KiB) Viewed 12 times
On January 1, 2020, Ermler
Company, a calendar-year
company, issued $2000000 of notes payable, of which $500000 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2020, is: O Current liabilities, $2000000. O Long-term debt, $2000000. O Current liabilities, $500000; Long-term Debt, $1000000. O Current liabilities, $500000; Long-term Debt, $1500000.