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Take me to the text Suppose a business receives a $468,000 long-term bank loan on December 31, 2020. The borrowing arrangement requires the business to
Take me to the text Suppose a business receives a $468,000 long-term bank loan on December 31, 2020. The borrowing arrangement requires the business to pay $117,000 by December 2021. Show how the business will report both current and long-term liabilities on its December 31, 2020 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 Note: The "check" button does not submit your attempt. To submit the attempt, go to the end of the quiz and click on the "submit all and fi
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