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Business, 04.04.2020 02:58 kayonapretty14p45995

Tyler Clinic borrows $90,000 from the bank with the following terms:

$20,000 of the this amount to be paid in Year 1,
$30,000 to be paid in Year 2, and
$40,000 to be paid in Year 3.

At the beginning of Year 1 the loan is classified as follows:

A. $20,000 short-term note payable plus $70,000 long-term note payable

B. $50,000 short-term note payable plus $40,000 long-term note payable

C. $90,000 long-term note payable

D. None of the above

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Answers: 2

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Tyler Clinic borrows $90,000 from the bank with the following terms:

$20,000 of the thi...
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