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Beta Corporation recently took out a $ 3 0 , 0 0 0 loan to purchase new equipment, to be repaid over a three year

Beta Corporation recently took out a $30,000 loan to purchase new equipment, to be repaid over a three year period. On its classified balance sheet, it listed $10,000 in long-term notes payable. Based on this information, which of the following conclusions is correct?
Beta expects to pay $10,000 of the loan within one year.
Beta has paid $20,000 of the loan.
Beta has paid $10,000 of the loan over the course of the current year.
Beta expects to pay $10,000 of the loan after one year.
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