How would a bond payable be reported on the balance sheet

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Reference no: EM13600895

1. Fleeson Company needs additional funds to purchase equipment for a new production facility and is considering either issuing bonds payable or borrowing the money from a local bank in the form of an installment note. How does an installment note differ from a bond payable?

2. How would a bond payable be reported on the balance sheet if: (a) it is payable within one year and (b) it is payable beyond one year

Reference no: EM13600895

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