Question
As of December 31 of Year 1, Dole Companys long-term debt consisted of the following: $101,600 Unsecured note payable to bank due Year 2. $360,000
As of December 31 of Year 1, Dole Companys long-term debt consisted of the following: $101,600 Unsecured note payable to bank due Year 2. $360,000 Unsecured note payable to bank due Year 4. $480,000 Unsecured note payable to bank due Year 6. $72,000 Secured mortgage payable to bank due in equal installments in Year 2 through Year 6. $128,000 Secured note payable to bank due in Year 7.
Prepare the required financial statement disclosure at December 31 of Year 1, indicating the amounts due in each of the next five years and thereafter.
Note Payable | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Thereafter |
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$101,600 | Answer
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360,000 | Answer
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480,000 | Answer
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72,000 | Answer
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128,000 | Answer
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