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What amount will appear as a long term liablity

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Question - On March 10, the GGD Company borrowed $36,000 from a bank. The company executed a promissory note for a term of three years, with payments to start on April 10. Monthly payments are required consisting of $1,000 on the principal plus interest to be computed at the rate specified on the note. On March 31 what amount will appear as a long term liablity on the balance sheet?

Reference no: EM133144146

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