Pearson Company obtained a line of credit from City Bank that is renewable annually. How will Pearson classify the line of credit borrowings on its
Pearson Company obtained a line of credit from City Bank that is renewable annually. How will Pearson classify the line of credit borrowings on its balance sheet?
a.Equity
b.Short-term investment
c.Short-term liability
d.Long-term liability
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Pearson Company was first posted on December 14, 2019 at 1:53 pm.
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