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Your Company borrowed $50,000 on October 1, 2022. The loan was for 12 -months and the interest rate was 6%. Both interest and principal are

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Your Company borrowed $50,000 on October 1, 2022. The loan was for 12 -months and the interest rate was 6%. Both interest and principal are payable at maturity. How is repaying the $50,000 in 2023 best classified? Asset exchange Asset source claims exchange Asset use

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