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    Entrepreneurship The Practice
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    Exam 17: Financial Statements and Projections for Startups
  5. Question
    Kurt Has a 5-Year Bank Loan with His Business
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Kurt Has a 5-Year Bank Loan with His Business

Question 3

Question 3

Multiple Choice

Kurt has a 5-year bank loan with his business.The principle that is scheduled to be paid in the first 12 months is considered ______.


A) a loss
B) a long-term liability
C) a short-term portion of long term debt
D) operational cash flows

Correct Answer:

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