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Question 21 4 pts On January 2, 2020. Hill Company borrowed $100,000 from Bank Three. The loan was to be repaid in equal principal installments

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Question 21 4 pts On January 2, 2020. Hill Company borrowed $100,000 from Bank Three. The loan was to be repaid in equal principal installments of $10.000. payable on December 31 of each year beginning on December 31, 2020. Disregarding interest, the amount of the $100,000 loan that should be considered a long-term liability on the company's balance sheet for the year ended December 31, 2022 would be: $70,000 O $60.000 O $80,000 $90,000 None of the above

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