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aleksandrvk [35]
2 years ago
6

bear corp. has $100,000 cash in the bank restricted to repay a note payable that matures in 2 years. how should this $100,000 be

reported?
Mathematics
1 answer:
Firdavs [7]2 years ago
5 0

It should be reported as a restricted cash in the long-term section of the company balance sheet.

<h3>What is note payable?</h3>

Note payable  can be defined a the money a company or an organization owes or the money they are expected to payback..

Note payable is classified as long term liabilities. Hence, the cash amount of $100,000 should be reported or recorded in the balance sheet as a restricted cash.

Therefore  the $100,000 is reported as a restricted cash.

Learn more about note payable here:brainly.com/question/25148915

#SPJ11

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The radius of a circle is 20 inches. Enter the area of the circle in square inches round your answer to the nearest tenth and us
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