When a company borrows money for longer than one year,that obligation is called a long-term liability.
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Q73: Principal = rate multiplied by time multiplied
Q74: On January 1,2011,Alpha Enterprise signed a $100,000,6%,20-year
Q75: On January 1,2011,Ace Electronics borrowed $40,000 on
Q76: On January 1,2012,Ace Electronics borrowed $40,000
Q77: On January 1,2011,Ace Electronics borrowed $40,000
Q79: On January 1,2011,Alpha Enterprise signed a $100,000,6%,20-year
Q80: On January 1,2011,Ace Electronics borrowed $40,000 on
Q81: China Company borrowed $20,000 at 8% for
Q82: Each time a company makes a payment
Q83: Ace Electronics,Inc.needed some long-term financing and arranged
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