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Unformatted text preview: of the note. When the company prepares financial statements on December 31, 2009, 1. What amount should be reported as a current liability? __5,000__ 2. What amount should be reported as a long-term liability? __20,000__...
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This note was uploaded on 01/04/2012 for the course ACCOUNTING ac 201 taught by Professor - during the Spring '11 term at Montgomery.
- Spring '11