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help me A company has a $15,000 loan payable that is due over five years. $3,000 of the loan must be paid in the next

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A company has a $15,000 loan payable that is due over five years. $3,000 of the loan must be paid in the next fiscal year. $12,000 of the loan payable should be recorded as a current liability on the balance sheet at the end of the current year. True False

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