JKJ Company has a $100,000 bond payable, due in 5 years, which pays interest annually of 4%. Without considering the time value of money, how much will be listed in current liabilities on its balance sheet? Select answer from the options below $104,000 $24,000 $100,000 $4,000

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter2: The Domestic And International Financial Marketplace
Section: Chapter Questions
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JKJ Company has a $100,000 bond payable, due in 5 years, which pays interest annually of 4%.
Without considering the time value of money, how much will be listed in current liabilities on its
balance sheet? Select answer from the options below $104,000 $24,000 $100,000 $4,000
Transcribed Image Text:JKJ Company has a $100,000 bond payable, due in 5 years, which pays interest annually of 4%. Without considering the time value of money, how much will be listed in current liabilities on its balance sheet? Select answer from the options below $104,000 $24,000 $100,000 $4,000
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