Question: Please help me to answer this question Ch 09 Assignment Question 2 of 5 View Policies Current Attempt in Progress Date On April 1, 2020,

Please help me to answer this question

Please help me to answer this question Ch 09 Assignment Question 2

Ch 09 Assignment Question 2 of 5 View Policies Current Attempt in Progress Date On April 1, 2020, Dsseldorf Ltd. borrowed $480,000 for 20 years. Principal repayments of $24,000 and interest at 6% are due annually on March 31. Account Titles and Explanation (To record the loan) (To record interest) (To reclassify the current portion of the loan) eTextbook and Media List of Accounts Debit What is the impact on the current ratio of reclassifying the current portion of the long-term loan? Reclassifying the current portion of long-term loan will -15 E O the current ratio. Credit

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