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Blended payment loans require a loan amortization schedule separating principal and interest. This is required, in part, because a. interest only is reflected on the
Blended payment loans require a loan amortization schedule separating principal and interest. This is required, in part, because
a. interest only is reflected on the cash flow statement.
b. interest and principal needs to be reflected under current and not current liabilities section of the statement of financial positon.
c. the interest expense is recorded separately from the reduction of the loan payable.
d. none of the above.
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