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A company borrows funds of $12 million on June 1, Year One. The note has an interest rate of 10 percent with interest payments made
A company borrows funds of $12 million on June 1, Year One. The note has an interest rate of 10 percent with interest payments made every 6 months starting December 1. On financial statements as of December 31, Year One, which of the following balances will appear
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