On the company's 20A year-end statement of financial position,the liability related to this note should be reported as which of the following?
A)A $12,480 long-term liability.
B)A $12,480 current liability.
C)A $12,000 long-term liability.
D)A $12,000 current liability.

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The Answer of On the company's 20A year-end statement of financial position,the liability related to this note should be reported as which of the following?
A)A $12,480 long-term liability.
B)A $12,480 current liability.
C)A $12,000 long-term liability.
D)A $12,000 current liability.

On the Company's 20A Year-End Statement of Financial Position,the Liability