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What amount of the note payable will be shown

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Question - On December 1, 2016, Fine Dining Products borrowed $84,000 on a 12%,, five year note with annual installment payments of $16800 plus interest due on December 1 of each succeeding year. On December 1, the principal amount was recorded as a long term note payable. What amount of the note payable will be shown as current portion of long-term notes payable on the balance sheet as of December 31, 2016.

Reference no: EM131865773

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