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hello, I please need help with 5, 6, 7, and 8 thank you :) Question 5 2.5 pts A company borrows $10,000 on December 1,

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hello, I please need help with 5, 6, 7, and 8
thank you :)
Question 5 2.5 pts A company borrows $10,000 on December 1, 2018. It is to be repaid as follows: $3,000 on November 30, 2019 and $7,000 on November 30, 2020. On the 12/31/2018 financial statements, how much is current and how much would be long term? Short term (current) Long term (non-current) $7,000 $3,000 Short term (current) Long term (non-current) $7,000 $3,000 Short term (current) Long term (non-current) $10,000 $0 Short term (current) Long term (non-current) $O $10,000 Question 6 Which of the following would cause the Debt to Assets ratio to increase? All of the other answers would cause the ratio to decrease A decrease in Accounts Payable An increase in Inventories O A decrease in Accounts Receivable Question 7 2.5 pts On October 1, 2016, Donna Equipment signed a one-year, 8% interest-bearing note payable for $50,000. Assuming that Donna maintains its books on a calendar year basis, what amount of interest expense should be reported in the 2016 income statement for this note? $667 $3,000 $4,000 $1,000 Question 8 A contingent liability that is "reasonably possible but cannot be estimated" two of the other answers are correct. does not need to be recorded or reported as a liability. must be disclosed as a note to the financial statements. must be recorded and reported as a liability

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