Business, 12.02.2020 18:15 zakyiaiarvis544

The bank loan of $2,000,000 requires Irkalla to maintain certain financial ratios but Irkalla has not been able to do so and is in violation of the loan agreement. The creditor has not waived its rights in regard to the loan. What amount should Irkalla report as current liabilities at December 31, year 8?

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The bank loan of $2,000,000 requires Irkalla to maintain certain financial ratios but Irkalla has no...

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