Business
Business, 11.02.2020 19:51, jacken

At December 31, 2020, Cheyenne Corporation owes $480,800 on a note payable due February 15, 2021. If Cheyenne had restructured the note on December 15, 2020, such that Cheyenne has the contractual right to defer payment of $260,200 of the note until February 15, 2022, how much of the $520,400 should be reported as a current liability at December 31, 2020?

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At December 31, 2020, Cheyenne Corporation owes $480,800 on a note payable due February 15, 2021. If...

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