A company has took out a $5 million 5-year loan on 06/30/2024 with equal amounts of principal

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A company has took out a $5 million 5-year loan on 06/30/2024 with equal amounts of principal due annually, beginning a year from the loan inception. Ignore interest. What is recorded on the company's balance sheet for the year ended 06/30/2025?*

Posted Date: May 18, 2024 11:13 PM

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A company has took out a $5 million 5-year loan on 06/30/2024 with equal amounts of principal

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