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Business, 24.07.2020 02:01 neariah24

Parton owes $3 million that is due on February 28. The company borrows $2,400,000 on February 25 (5-year note) and uses the proceeds to pay down the $3 million note and uses other cash to pay the balance. How much of the $3 million note is classified as long-term in the December 31 financial statements

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Parton owes $3 million that is due on February 28. The company borrows $2,400,000 on February 25 (5-...
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