Question: Laurel says, I know that the current portion of a bank loan is a current liability but we never seem to see the change in

Laurel says, "I know that the current portion of a bank loan is a current liability but we never seem to see the change in this account shown on the statement of cash flows. Why?" Explain to Laurel why this is the case.

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The principal amount advanced by the bank and late... View full answer

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