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Business, 22.02.2020 00:16 olivialaine31
On October 1, Year 1, Gold Co. borrowed $900,000 to be repaid in three equal, annual installments. The note payable bears interest at 5% annually. Gold paid the first installment of $300,000 plus interest on September 30, Year 2. What amount should Gold report as a current liability on December 31, Year 2?
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On October 1, Year 1, Gold Co. borrowed $900,000 to be repaid in three equal, annual installments. T...
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