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7 ) On January 1 , 2 0 1 9 , Climax Corporation signed a $ 1 0 , 0 0 0 , 0 0
On January Climax Corporation signed a $year mortgage note to finance the
construction of its new hotel in Cancun. The note will be repaid in equal annual installments of $
Over the year period, as each installment payment is made, the amount that Climax Corporation will show
on its balance sheet for the mortgage payable will
A increase
B decrease
C stay the same
D The answer cannot be determined from the information given.
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