mard / My courses/ 2022 Spring/Faculty of Business Administration/ Accounting / S22-ACCT202ABCD / ACCT202 Third Hour Exam / Third Hour Exam Time left 1:14:26 Quiz navigati estion wered Med out of Wag question On January 1, 20x0 "ABC" Company borrowed $150,000 for 4.00 years from a local bank. According to the loan agreement, the loan's interest is 10.00%, and the company is obligated to pay an amount of $23,208 on June 30th, and December 31st each year. Required: Based on the above given information, answer the following questions: 1. What is the total amount of interest that will be paid for the loan over its four years term? The Answer is: 2. What is the amount of interest that will be recorded on the income statement for the year 20x0 (assume calendar year). The Answer is 3. At the end on the year 2000, the amount of the loan that must be presented as a current must be equal to that must be presented as a non-current liability must be equal to and the amount Exam Instr Part 1: Mult Questions Part 2: True 9 10 11 Part 3: Probl 14, 15 Finish attempt Previous page Next page