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Lime Co. incurs a $4,000 note with equal principal installment payments due for the next eight years. What is the amount of the current portion

Lime Co. incurs a $4,000 note with equal principal installment payments due for the next eight years. What is the amount of the current portion of the noncurrent note payable due in the second year?

A. $800 B. $1,000 C. nothing, since this is a noncurrent note payment D. $500

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