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

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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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