A corporation currently has $1,500,000 of 5% bonds outstanding and $5,000,000 of installment notes payable....
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Accounting
A corporation currently has $1,500,000 of 5% bonds outstanding and $5,000,000 of installment notes payable. The company makes semiannual payments of $129,000 on the note ($24,000 of which will be related to interest in the upcoming year). Ignoring any other liabilities, how much of current and long-term liabilities will the corporations balance sheet present?
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