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Bonita owes $4.0 million that is due on February 28 . The company borrows $3250000 on February 25 ( 5 -year note) and uses the

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Bonita owes $4.0 million that is due on February 28 . The company borrows $3250000 on February 25 ( 5 -year note) and uses the proceeds to pay down the $4.0 million note and uses other cash to pay the balance. How much of the $4.0 million note is classified as long-term in the December 31 financial statements? $3250000. $4000000. $0. $750000

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