Seattle Physicians Group borrowed $300,000 on July 1, 2016, by issuing a 6 percent long-term note payable
Question:
Seattle Physicians Group borrowed $300,000 on July 1, 2016, by issuing a 6 percent long-term note payable that must be paid in three equal annual installments plus interest each July 1 for the next three years.
Requirement
Insert the appropriate amounts to show how Seattle Physicians Group would report its current and long-term liabilities.
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December 31 2016 2017 2018 Current Liabilities Current Portion ...View the full answer
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Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
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