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What amount should be reported as a current liability

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Question - Sunny Enterprise issues a five-year. Interest-bearing P 30.000 note on January 1, 2017. This note specifies that each January 1, starting January 1, 2018. Sunny should pay P 10,000 of the note. When the company prepares financial statements on December 31. 2017, What amount should be reported as a current liability?

a. 10,000

b. 30,000

c. 20,000

d. none of the above

Reference no: EM132276532

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