Question 6 of 20 Click to see additional instructions Africa Traders is not a registered VAT vendor and buys and sells furniture. Africa Traders sold a dining room table for R3 700. The mark-up percentage on cost is 30%. NB: 1. Do not type the amount with any spaces as separators for thousands (eg: 12141,72) 2. Use a comma to indicate any decimals (eg: 1000,01) 3. You must enter cents even if it is 0 (eg,00) Question 7 of 20 Tic Tok Traders current financial period ended on 30 April 2020 and the trial balance reflected a loan from ABC Bank for an amount of R140 000. Tic Tok Traders took the loan from ABC bank on 30 May 2019 and the loan agreement indicated that R40 000 is due on 28 February 2021 and the remainder of the loan is due on 28 February 2022. Which one of the following statements is true regarding the loan amount of R40 000 that is due on 28 February 2021? A. R40 000 will be discosed as a current liability in the statement of financial position for the year ended 30 April 2021. B. R40 000 will be disclosed as a non-current liability in the statement of financial position for the year ended 30 April 2020. C. R40 000 will be disclosed as a non-current liability in the statement of financial position for the year ended 30 April 2021. D. R40 000 will be discosed as a current liability in the statement of financial position for the year ended 30 April 2020