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Novak Corp. issued a five-year interest-bearing note payable for $ 366000 on January 1, 2019. Each January the company is required to pay $ 73000

Novak Corp. issued a five-year interest-bearing note payable for $366000 on January 1, 2019. Each January the company is required to pay $73000 on the note. How will this note be reported on the December 31, 2020, balance sheet?







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