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Seved Required Information (The following information applies to the questions displayed below.] On January 1, Year 1, Platte Corporation issues a 5-year note payable for
Seved Required Information (The following information applies to the questions displayed below.] On January 1, Year 1, Platte Corporation issues a 5-year note payable for $5,000. The interest rate is 5% and the annual payment of $1,156, due each December 31, Includes both interest and principal. Which of the following correctly shows the effects of the December 31, Year 2 payment (rounded to the nearest whole dollan = - - 1 + + Assets (1,156) (1,156) (1,156) (1,156) A. B. C. D. Liab. (951) (906) (951) (951) Stk. Equity (205) (250) (205) (205) Revenue - NA - NA - NA - NA - Expense 205 250 205 205 = Net Inc. (205) - (250) (205) (205) Stmt. of Cash Flows (1,156)FA (906)FA/(250) OA (951)FA/(205)0A (1,156)0A + + Multiple Choice O Option A O Option O Opuon C O Option D O pe here to search
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