Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please solve those questions as soon as possible without explanation. Thanks a lot a. 1. Each payment on a mortgage note payable consists of: interest
Please solve those questions as soon as possible without explanation. Thanks a lot
a. 1. Each payment on a mortgage note payable consists of: interest on the original balance of the loan. b. reduction of loan principal only. c. interest on the original balance of the loan and reduction of loan principal. d. interest on the unpaid balance of the loan and reduction of loan principal. 2. The process of allocating the cost of tangible assets to expense in a systematic and ration manner to those periods expected to benefit from the use of the asset is called as a. Depletion b. Amortization c. Depreciation d. Appreciation 3. Upon formation of a partnership, each partner's initial investment of assets should be recorded at their a. book values. b. cost. c. market values d. appraised values. 4. Bonds sell at a premium when the a. issuing company has a better reputation than other companies in the same business. b. market rate of interest is less than the stated interest rate at the time of issue. c. yield rate of interest is more than the stated rate at the time of issue. d. issuing company agrees to repay the maturity before the due date. 5. Free cash flow provides an indication of a company's ability to: a. generate net income. b. generate cash to pay dividends. c. generate cash to pay account payable. d. generate cash to pay utilities billsStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started