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Take me to the text Suppose a business receives a $476,000 long-term bank loan on December 31, 2019. The borrowing arrangement requires the business
Take me to the text Suppose a business receives a $476,000 long-term bank loan on December 31, 2019. The borrowing arrangement requires the business to pay $119,000 by September 2020. Show how the business will report both current and long-term liabilities on its December 31, 2019 balance sheet. Do not enter dollar signs or commas in the input boxes. Current Liabilities: Bank Loan, Current Portion Long-Term Liabilities: Bank Loan, Long-Term Portion Check
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