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How much is the current liability

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Problem - On December 31, 2021 Turtle Company has a P4,000,000 note payable on demand. However, on December 31, 2021, there is no indication that the payee on the note will demand payment over the next 12 months. How much is the current liability in relation to the note in Turtle's 2021 year-end financial statements?

Reference no: EM132941386

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