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What the non-current liability balance will be

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Problem 1: On December 31, 2019 ButterflyNet Company has a mortgage payable for $240,000, of which $60,000 will be paid in the next 12 months. When they prepare their year-end Balance Sheet, the non-current liability balance will be:

A) $ 60,000

B) $ 180,000

C) $ 240,000

D) $ 280,000

E) Nothing, disclosure will be in the notes to the financial statements

Reference no: EM132933435

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