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What is the total liabilities from the said note payable

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Reference no: EM133163633

Question - January 1 of the current year ABC Company issued a interest bearing note payable with a face value of P10,000. The interest and principal will be paid after 5 years.

At the end of the second year, what is the total liabilities from the said note payable?

Reference no: EM133163633

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