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On January 1, 2021, HW Company issued $90,000 of notes payable, of which $25,000 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2021 is current liability of $0 and long-term liability of $90,000. current liability of $45,000 and long-term liability of $45,000. current liability of $65,000 and long-term liability of $25.000. O current liability of $25,000 and long-term liability of $65,000.

On January 1, 2021, HW Company issued $90,000 of notes payable, of which $25,000 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2021 is current liability of $0 and long-term liability of $90,000. current liability of $45,000 and long-term liability of $45,000. current liability of $65,000 and long-term liability of $25.000. O current liability of $25,000 and long-term liability of $65,000.

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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On January 1, 2021, HW Company issued $90,000 of notes payable, of which $25,000 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2021 is O current liability of $0 and long-term liability of $90,000. current liability of $45,000 and long-term liability of $45,000. current liability of $65,000 and long-term liability of $25.000. current liability of $25,000 and long-term liability of $65.000.
Transcribed Image Text:On January 1, 2021, HW Company issued $90,000 of notes payable, of which $25,000 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2021 is O current liability of $0 and long-term liability of $90,000. current liability of $45,000 and long-term liability of $45,000. current liability of $65,000 and long-term liability of $25.000. current liability of $25,000 and long-term liability of $65.000.
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