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Indicate whether each of the following statements is true or false. a) Interest expense on long-term installment notes increases each year. b) Cash for machinery
Indicate whether each of the following statements is true or false. a) Interest expense on long-term installment notes increases each year. b) Cash for machinery or buildings is often obtained by issuing long-term debt. c) Short-term notes payable normally mature within a year. d) Long-term installment notes are repaid all at once two to five years after the issue date. e) Most long-term loans are obtained from the corporation's stockholders. Indicate whether each of the following statements is true or false. a) Interest expense on long-term installment notes increases each year. hinery or buildings is often obtained by issuing long-term debt. c) Short-term notes payable normally mature within a year. d) Long-term installment notes are repaid all at once two to five years after the issue date. e) Most long-term loans are obtained from the corporation's stockholders
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