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on January 1, 2014, Key COmpany, a calendar-year company, issued $250,000 of notes payable, of which $62,000 is due on January 1 for each of

on January 1, 2014, Key COmpany, a calendar-year company, issued $250,000 of notes payable, of which $62,000 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2014, is

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