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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 be decreased by the mortgage payment? (check all that apply)
Cash from Financing Activities
Cash from Operating Activities
Mortgage Payable
Net Income
Cash from Investing Activities
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