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Question
on january 1, 2012, keisler 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, 2012, is
a.current liabilities, $500,000
b.long-term debt , $500,000
c.current liabilities, $125,000; long-term debt, $375,000
d.current liabilities, $375,000; long-term debt, $125,000
Answer
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