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What is the increase in liabilities section

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Question - XYZ Co. considers how to record two new liabilities. The first liability is due in nine months with a face value of $500,000 and a present value of $420,000. The second one is due in five years with a face value of $2,000,000 and a present value of $1,150,000. What is the increase in liabilities section of XYZ Co.'s balance sheet due to these two new liabilities?

Reference no: EM133124228

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