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How will note be reported on the december balance sheet

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Problem 1: Tamarisk, Inc. issued a five-year interest-bearing note payable for $312000 on January 1, 2019. Each January the company is required to pay $62000 on the note. How will this note be reported on the December 31, 2020, balance sheet?

Long-term debt, $250000

Long-term debt, $188000; Long-term Debt due within one year, $62000

Reference no: EM132908725

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