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    Horngrens Accounting Study Set 2
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    Exam 11: Current Liabilities and Payroll
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    Current Portion of Long-Term Debt Refers to the Amount of Principle
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Current Portion of Long-Term Debt Refers to the Amount of Principle

Question 31

Question 31

True/False

Current portion of long-term debt refers to the amount of principle on a note payable that must be paid within a year or an operating cycle.

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