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What amount of the note payable will be shown

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Question - On December? 1, 2018, Modern Dining Products borrowed $97,000 on a 10?%, 8-year note with annual installment payments of $12,125 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 Note Payable on the balance sheet as of December? 31, 2018??

Reference no: EM133065648

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