On January 1, 2017, Cullumber Company, a calendar-year company, issued $1560000 of notes payable, of...
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On January 1, 2017, Cullumber Company, a calendar-year company, issued $1560000 of notes payable, of which $390000 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2017, is: O Current liabilities, $390000; Long-term Debt. $780000. O Current liabilities, $390000; Long-term Debt, $1170000 O Long-term debt, $1560000. O Current liabilities, $1560000
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