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on FULL SCREEN PRINTER VERSION BACK NEXT i - Multiple Choice Question 101 On January 4, 2017, Blossom Company leased a building to Swity Corporation

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on FULL SCREEN PRINTER VERSION BACK NEXT i - Multiple Choice Question 101 On January 4, 2017, Blossom Company leased a building to Swity Corporation for a ten-year term at an annual rental of $201000. At inception of the lease, Blossom received 5004000 covering the first two years' rent of $402000 and a security deposit of $402000. This deposit will not be returned to Swifty upon expiration of the lease but will be applied to payment of rent for the last two years of the lea. What portion of the 1804000 shou d be shown as a current and long-term liability in Blossom's December 31, 2017 balance sheet Current Unblity Long-term Uability 201000 1402000 402000 5201000 3864000 1403000 $402000

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