oil reserves . timberlands . land improvements . mineral deposits . 8- Multiple Choice Question 98
On January 1 , 2013 , Donahue Company , a calendar-year company , issued $ 500,000 of notes payable , of which $ 125,000 is due on January 1 for each of the next four years . The proper balance sheet presentation on December 31 , 2013 , is
Current Liabilities , $ 125,000 ; Long-term Debt , $ 375,000 . Current Liabilities , $ 375,000 ; Long-term Debt , $ 125,000 . Current Liabilities , $ 500,000 . Long-term Debt , $ 500,000 . 9- Multiple Choice Question 76
When an interest-bearing note matures , the balance in the Notes Payable account is
less than the total amount repaid by the borrower .
the difference between the maturity value of the note and the face value of the note .
equal to the total amount repaid by the borrower . greater than the total amount repaid by the borrower 10-Multiple Choice Question 125