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Question
Hilo Furniture Company ended the year 2018 with a note payable of $800,000 to Security Bank, due March 1, 2019. On January 10, 2019, Hilo paid $300,000. On March 1, 2019 Hilo included the balance of the first note in a new note payable for $1,000,000 due March 1, 2020. Financial statements for 2018 were issued April 1, 2019. What amount of total liabilities will Hilo show at December 31, 2018?
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This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?
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