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Question (6) A individual business owner guarantees a loan to an unrelated business owned in a partnership between his brother and him. How should this
Question (6) A individual business owner guarantees a loan to an unrelated business owned in a partnership between his brother and him. How should this guarantee be treated in analyzing his personal liabilities? Include the amount of the guarantee as a current liability Include half of the amount of the guarantee as a long-term liability. Include the amount of the guarantee as a contingent liability, O Disregard a guarantee to an unrelated business
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