Question
On June 30, 2023, ABC Company borrowed $180,000 from Banque Capitale. The loan bears interest at 10% and is repayable in equal semi-annual installments over
On June 30, 2023, ABC Company borrowed $180,000 from Banque Capitale. The loan bears interest at 10% and is repayable in equal semi-annual installments over a period of 6 years. From the attached debt amortization table, determine the amount of LONG-TERM DEBT that will be presented as long-term liabilities on the balance sheet as of December 31, 2025
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Auditing and Assurance Services
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
6th edition
978-1259197109, 77632281, 77862341, 1259197107, 9780077632281, 978-0077862343
