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Question 4 (1 point) Cardin Ltd. has $2,000,000 in long-term debt outstanding, which it expects to repay evenly over the next 8 years. How will
Question 4 (1 point) Cardin Ltd. has $2,000,000 in long-term debt outstanding, which it expects to repay evenly over the next 8 years. How will this be shown on the year-end balance sheet? Current portion of long-term debt: $250,000, Long-term debt: $1,750,000 Accounts payable: $250,000, Long-term debt: $1,750,000 Long-term debt: $2,000,000 Current portion of long-term debt: $500,000, Long-term debt: $1,500,000 Page 4 of 5
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