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    Financial Reporting Analysis- Disclosures?

    On July 1, 2005, Brown Sugar Outfitters Inc. borrowed $225,000 as a long term loan. The terms of the loan require that Brown Sugar pay interest and $75,000 of the principal on July 1, 2006, 2007 and 2008. The unpaid balance of the loan accrues interest at the rate of 10% per year. Brown Sugar...
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