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A not-for-profit hospital has a $180,000 loan that requires the following principal repayments during the last month of each respective fiscal year ; FY 2014

A not-for-profit hospital has a $180,000 loan that requires the following principal repayments during the last month of each respective fiscal year ; FY 2014 = $75,000; FY 2015 = $50,000 ; FY 2016 = $35,000; and FY 2017 = $20,000. what amount would the organization show on its BALANCE SHEET as the current portion of NOTES PAYABLE as of the last day of FY 2015?

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