At the end of the current period, a company has an outstanding loan balance of $3,000,000. The
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At the end of the current period, a company has an outstanding loan balance of $3,000,000. The terms of the note will require $300,000 of principal to be paid in each of the following 10 years.
What amount, if any, of the loan, should be classified on the balance sheet as a current liability?
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