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EA1. LO 12.1 Campus Flights takes out a bank loan in the amount of $200,500 on March 1. The terms of the loan include a

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EA1. LO 12.1 Campus Flights takes out a bank loan in the amount of $200,500 on March 1. The terms of the loan include a repayment of principal in ten equal installments, paid annually from March 1. The annual interest rate on the loan is 8%, recognized on December 31. (Round answers to the nearest whole dollar if needed) Fox B H K c D EA2. LO 12.1 Consider the following accounts and determine if the account is a current liability, a noncurrent liability, or neither

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