Question
Albatross Accounting borrowed a $2,156,000 interest-free bank loan on January 1, 2016. Payment is agreed to be paid in four equal annual installments. Calculate the
Albatross Accounting borrowed a $2,156,000 interest-free bank loan on January 1, 2016. Payment is agreed to be paid in four equal annual installments.
Calculate the current and long-term liabilities as at December 31 for the following years before the annual installment is paid.
Do not enter dollar signs or commas in the input boxes.
As at December 31
| 2016 | 2017 | 2018 | 2019 | |
| Current Portion of Loan Payable | ||||
| Long-Term Portion of Loan Payable |
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Auditing Quality Management Systems Keeping Your Quality Management System Relevant
Authors: Herne European Consultancy, Ray Tricker
1st Edition
0992758521, 978-0992758523
