Question
Pelican Accounting took out a $2,114,000 interest-free bank loan on January 1, 2022. Payment will be made over four years in four equal annual installments
Pelican Accounting took out a $2,114,000 interest-free bank loan on January 1, 2022. Payment will be made over four years in four equal annual installments every January 1. Calculate the current and long-term liabilities as at December 31 for the following years.
Do not enter dollar signs or commas in the input boxes.
As at December 312022202320242025Bank Loan, Current PortionAnswerAnswerAnswerAnswerBank Loan, Long-Term PortionAnswerAnswerAnswerAnswerStep by Step Solution
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Auditing A Risk Based Approach
Authors: Karla M Johnstone-Zehms, Audrey A. Gramling, Larry E. Rittenberg
12th Edition
035772187X, 978-0357721872
