JKJ Company has a $100,000 bond payable, due in 5 years, which pays interest annually of 4%. Without considering the time value of money, how much will be listed in current liabilities on its balance sheet? Select answer from the options below $104,000 $24,000 $100,000 $4,000

JKJ Company has a $100,000 bond payable, due in 5 years, which pays interest annually of 4%. Without considering the time value of money, how much will be listed in current liabilities on its balance sheet? Select answer from the options below $104,000 $24,000 $100,000 $4,000

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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Question

JKJ Company has a $100,000 bond payable, due in 5 years, which pays interest annually of 4%.
Without considering the time value of money, how much will be listed in current liabilities on its
balance sheet? Select answer from the options below $104,000 $24,000 $100,000 $4,000

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