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How detweiler technologies should report current liabilities

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Reference no: EM132937473

Problem 1: Suppose Detweiler Technologies borrowed $2,000,000 on December 31, 2016, by issuing 4 percent long-term debt that must be paid in four equal annual instalments plus interest on the outstanding balance commencing January 2, 2018. Required Insert the appropriate amounts in the following excerpts from the company's partial balance sheet to show how Detweiler Technologies should report its current and long-term liabilities for this debt.

Reference no: EM132937473

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