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On January 1, 2012, Chan Enterprises borrowed $100,000 from a bank on a three-year mortgage with an interest rate of 5% per year. On December

On January 1, 2012, Chan Enterprises borrowed $100,000 from a bank on a three-year mortgage with an interest rate of 5% per year. On December 30, 2012, Chan paid the bank $36,721. Chan uses US GAAP to prepare its financial statements.

Which of the following items would bedecreasedby the mortgage payment? (check all that apply)

Cash from Operating Activities

Cash from Financing Activities

Net Income

Mortgage Payable

Cash from Investing Activities

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