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Simple MCQ question from Financial Accounting. Please solve it ASAP!!! QUESTION 31 What is the term used to describe the left side of a T-account?
Simple MCQ question from Financial Accounting. Please solve it ASAP!!! QUESTION 31 What is the term used to describe the left side of a T-account? O Equity side O Claims side 2 O Credit side O Debit side QUESTION 32 Which financial statement reports the amount of accumulated depreciation? O Statement of Stockholders'Equity O Income Statement Statement of Cash Flows Balance Sheet QUESTION 33 Which of the following correctly describes an installment note? An installment note requires equal payments of interest and principal in which the amount of interest decreases over the life of the note. An installment note requires equal interest payments with the entire principal balance paid at maturity. An installment note requires equal payments of interest and principal in which the amount of interest increases over the life of the note. The installment note requires decreasing payments of interest and principal in which the amount of interest remains constant over the life of the
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