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On September 1 , 2 0 2 0 , a company borrowed $ 1 4 7 , 0 0 0 from its bank and signed
On September a company borrowed $ from its bank and signed a ninemonth note with interest. The principal and interest on the loan are to be paid when the note matures. What is the total amount related to this loan that should be reported under current liabilities on the company's December statement of financial position? Round answers to decimal places, eg
Total amount
$
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The balance in a company's longterm mortgage payable account on December is $ This is to be repaid at the rate of $ per year for the next six years. How should this liability be reported on the company's statement of financial position on December
$
$ During the spring summer of the Paris predator socket team sold season tickets for the to hockey season each of the season tickets was sold for $ and cup games with to be played in the fall October to December and in the winter January to March what is the effect on the teams financial statement when the season tickets are sold but amount of liability if any related to the season tickets should be reported on the teams December statement of financial position option a venue B revenue C expenses D prepaid expenses and their amount second amount of liability part fourth during the current year a company sold units of a product that was covered by a two year assurance warranty against the defects experience indicates that approximately of the unit sold will require repairs at an average cost of $ per unit actual cost incurred during the year for repairs under the warranty total dollar. What amount of liabilityif any should be reported on the company's statement of financial position at the end of the current year
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