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Purest owes 2 million that is due on February 28. The company borrows 1,600,000 on February 25 (5-year note) and uses the proceeds to pay
Purest owes 2 million that is due on February 28. The company borrows 1,600,000 on February 25 (5-year note) and uses the proceeds to pay down the 2 million note and uses other cash to pay the balance. How much of the 2 million note is classified as long term in the december 31 financial statements
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