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At December 31, 2017 (the end of the fiscal year), Flint Corporation owes $2,280,000 on a note payable due January 31, 2018. If Flint refinances
At December 31, 2017 (the end of the fiscal year), Flint Corporation owes $2,280,000 on a note payable due January 31, 2018. If Flint refinances the obligation by issuing a long-term note on February 20, 2018 and using the proceeds to pay off the note due January 31, how much of the $2,280,000 should be reported as a current liability at December 31, 2017? Amount to be reported as a current liability at December 31, 2017 $ e Textbook and Media If Flint pays off the note on January 31, 2018, and then borrows $3,420,000 on a long-term basis on February 15, how much of the $2,280,000 should be reported as a current liability at December 31, 2017? (Do not leave any answer field blank. Enter for amounts.) Amount to be reported as a current liability at December 31, 2017 $
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