What is the proper balance sheet presentation on december 31


On January 1, 2007, Brunson Company, a calendar-year company, issued $400,000 of notes payable, of which $100,000 is due on January 1 for each of the next four years.what is the proper balance sheet presentation on December 31, 2007, ?

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Accounting Basics: What is the proper balance sheet presentation on december 31
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