A mortgage of 420000 has principal payments totaling 120000


Question - A mortgage of $420,000 has principal payments totaling $120,000 that are due within the next year. The remaining $300,000 is not due until after one year. How is the mortgage shown on the balance sheet?

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Accounting Basics: A mortgage of 420000 has principal payments totaling 120000
Reference No:- TGS02829482

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