Bear Inc. issues a $600 million, 6-year note on June 30, 2021 that is payable in annual installments of $100million. How should Bear Inc. report the note payable on the Balance Sheet for the year-end 2021?$600 million current liability$500 million current liability and $100 million long-term liability$600 million long-term liabilityO $100 million current liability and $500 million long-term liability

Lets understand the basics.Liabilities are mainly divided into current and non current…

Bear Inc. issues a $600 million, 6-year note on June 30, 2021 that is payable in annual installments of $100 million. How should Bear Inc. report the note payable on the Balance Sheet for the year-end 2021? O $600 million current liability O $500 million current liability and $100 million long-term liability O $600 million long-term liability O $100 million current liability and $500 million long-term liability

Bear Inc. issues a $600 million, 6-year note on June 30, 2021 that is payable in annual installments of $100 million. How should Bear Inc. report the note payable on the Balance Sheet for the year-end 2021? O $600 million current liability O $500 million current liability and $100 million long-term liability O $600 million long-term liability O $100 million current liability and $500 million long-term liability

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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