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A company borrows $2,000,000 on January 1, 2012. On December 30th each year, $200,000 of...

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Accounting

A company borrows $2,000,000 on January 1, 2012. On December 30th each year, $200,000 of the principal will be repaid, along with accrued interest. At December 31, 2015, four principal repayments have been made so far. What is the non-current portion of the loan payable at December 31, 2015? $1,000,000 $200,000 None of the other answers is correct. $1,200,000

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