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1. The following is taken from the TIM Inc. balance sheet. TIM Inc. Balance Sheet (partial) December 31, 2017 Non-current liabilities Bonds payable (face value

1. The following is taken from the TIM Inc. balance sheet.

TIM Inc. Balance Sheet (partial) December 31, 2017 Non-current liabilities Bonds payable (face value 7% due January 1, 2028 Current liabilities Interest payable (for 12 months from January 1 to December 31) 560,000

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