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A company has a mortgage payable in the amount of $300,000 with monthly principal payments...

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Accounting

A company has a mortgage payable in the amount of $300,000 with monthly principal payments of $10,000. Where will the amount that is due within the next twelve months, $120,000, appear on the statement of financial position? classified as current liability classified as part of equity classified as mortgage expense classified as long-term liability

classified as current liability

classified as part of equity

classified as mortgage expense

classified as long-term liability

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