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Current Portion of Long Term Debt
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Problem 1
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Problem 9
Problem 10
Current Portion of Long Term Debt
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9. Current Liabilities / Current Portion of Long Term Debt / Problem 9
Problem 9
A company has an outstanding principal of \$50,000 with an interest rate of 8%. What is the annual interest expense?
A
\$4,000
B
\$8,000
C
\$400
D
\$5,000
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