At december 31 bonds payable of 100000000 are outstanding., Ask an Expert

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At December 31, bonds payable of $100,000,000 are outstanding. The bonds pay 10% interest every September 30 and mature in installments of $25,000,000 every September 30, beginning September 30, 2011. What is the dollar amount that is to be reported as a current liability and as a long-term liability, if any?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M983645

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