happyjamandnut53771 happyjamandnut53771
  • 18-01-2024
  • Business
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Explain how each of the following liabilities would be classified in the balance sheet:
A. A note payable of $100,000 due in five years.
B. A note payable of $100,000 payable in annual installments of $20,000 each, with the first installment due next year.

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