Top Posters
Since Sunday
5
o
5
4
m
4
b
4
x
4
a
4
l
4
t
4
S
4
m
3
s
3
New Topic  
tivo tivo
wrote...
Posts: 1776
Rep: 1 0
7 years ago
On August 15, 2014, Woods Design signed a $20,000 7% 10-year installment note which requires annual payments of $4,000 plus interest. Woods will classify this loan on the December 31, 2014 Balance Sheet as $4,000 current portion of long-term debt and $20,000 long-term debt.
Is this statement one that's true or false?
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
Read 163 times
2 Replies
Replies
Answer verified by a subject expert
antonio_johnantonio_john
wrote...
Top Poster
Posts: 898
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1
Massachusetts Institute of Technology
-- Accounting

Related Topics

tivo Author
wrote...
6 years ago
Thank you for helping me with my accounting homework, will ask again
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  948 People Browsing
Related Images
  
 47
  
 170
  
 2187
Your Opinion
Which country would you like to visit for its food?
Votes: 204