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On January 1, 2021, PFY Inc. issued a 3-year, 1,000,000 noninterest-bearing note. The actual cash received is equivalent to the prevailing interest rate of 12%.

On January 1, 2021, PFY Inc. issued a 3-year, 1,000,000 noninterest-bearing note. The actual cash received is equivalent to the prevailing interest rate of 12%. What is the non-current portion of the note as of December 31, 2021 that should be presented in the balance sheet

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