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QUESTION 7 Assume on December 1, 2017, a company borrows funds to purchase equipment. The company will make the following principal payments 2018, $5500 2019,

QUESTION 7 Assume on December 1, 2017, a company borrows funds to purchase equipment. The company will make the following principal payments 2018, $5500 2019, $3590 2020, $2370 2021, $1020 On December 31, 2018, the total liabilities will be $

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