A $20 million, 20 year term bond issued in 1982 is coming due in 2002, i.e., the entire principal is payable at the maturity date in 2002. At the end of the calendar and fiscal year 2001, how will this bond be disclosed?
A. As a $20 million long-term liability.
B. As a $20 million current liability.
C. As a $1 million current liability and zero in long-term liabilities.
D. As a $1 million long-term liability.
Ans: B. As a $20 million current liability.
Business
You might also like to view...
Fulfillment/reliability in terms of the Web relates to _____
a. ease of navigating a Web site b. download time for graphics products c. number of clicks to purchase an item d. accurate, timely delivery
Business
All of the following are advantages of the direct strategy except A) saving the reader's time
B) respecting the feelings of the audience. C) setting a proper frame of mind. D) reducing frustration.
Business