Question

Region jet has a $62 million liability at december 31, 2018, of which $19 million is payable in 2019. in its december 31, 2018 balance sheet, the company reports the $62 million debt as

a.$62 million current liability on the balance sheet. $19 million current liability and a $43 million long-term liability on the balance sheet. $62 million long-term liability on the balance sheet. $43 million current liability and a $19 million long-term liability on the balance sheet.

Answer 1

$19 Million Current Liability and and $43 Million Long Term Liability

Step-by-step explanation:

The $19 Million Payable in 2019 is a current liability because it is payable within a single, the other liabilities that a payable in over a year can be described as long term liabilities.