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Referring to the table What are the current and non-current (long-term) portions of the loan at the end of period 3 (i.e. what would be
Referring to the table
What are the current and non-current (long-term) portions of the loan at the end of period 3 (i.e. what would be shown on the balance sheet in the current and non-current section)? (note: the year end balances of principal have been provided for years 4 & 5 for your information).
Current $?
Non-current $?
Reduction of principa Payment Expense principa Issue Date 12,523 2 12,523 3 9205 3227 3,318 12,523 9,941 4 12,523 1786 1077 11,594 12,523 11,594Step by Step Solution
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