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Instructions: Insert the appropriate amounts in the following excerpts from the Company's partial balance sheet to show how Detweiler Technologies should report its current and
Instructions: Insert the appropriate amounts in the following excerpts from the Company's partial balance sheet to show how Detweiler Technologies should report its current and long-term liabilities for this debt. Also, show all working how you got your answers in the following excerpts.
20 Exercise 11-4 erm Suppose Detweiler Technologies borrowed $2,000,000 on December 31, 2013, by issuing ebt 4 percent long-term debt that must be paid in four equal annual instalments plus interest 1 commencing January 2, 2015, st Required Insert the appropriate amounts in the following excerpts from the company's o partial balance sheet to show how Detweiler Technologies should report its current and long-term liabilities for this debt. December 31, 2014 2015 2016 2017 Current liabilities: Current portion of long-term debt $ Interest payable Long-term liabilities Long-term debtStep by Step Solution
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