Imagine5798 Imagine5798

28-03-2024
Business

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Collins Enterprises is building a new manufacturing facility and has taken out a 30-year mortgage with Frontier Financial in the amount of $350,000 to finance the project. This mortgage would be shown as a(n) _______ on the company's balance sheet.
a. Long-term liability
b. Non-current liability
c. Mortgage payable
d. Loan from Frontier Financial

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