Orthopedic Medical Group borrowed $2,100,000 on July 1 , 2012, by issuing a 9% long term note
Question:
Orthopedic Medical Group borrowed $2,100,000 on July 1 , 2012, by issuing a 9% long term note payable that must be paid in three equal annual installments plus interest each July 1 for the next three years.
Requirement
1. Insert the appropriate amounts to show how Orthopedic would report its current and long-termliabilities.
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December 31 2012 2013 2014 Current Liabilities Current Portion of Longterm Note ...View the full answer
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