Use the following information for questions . 
On January 2, 2013 Pell borrowed $240,000 and used the proceeds to purchase 90% of the outstanding common stock of Sand.This debt is payable in 10 equal annual principal payments, plus interest, starting December 30, 2013.Any difference between book value and the value implied by the purchase price relates to land.
On Pell's January 2, 2013 consolidated balance sheet,
-Current liabilities should be
Definitions:
Prototype
A typical example of a category that embodies the most common and salient features of that category.
Triangle
A geometric shape consisting of three sides and three angles.
Gold
A yellow precious metal, highly valued for its rarity, durability, and shiny luster, used for currency, jewelry, and other art objects.
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