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How much of the note payable should peligrino co report

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On December 31, 2015, Peligrino Co. has a long term note payable of $800,000. Of that balance, $100,000 will be paid within one year from the balance sheet date. How much of the note payable should Peligrino Co. report as a long term liability when they prepare the December 31, 2015 balance sheet?

Reference no: EM132410202

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