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The following intormation applies to the questions displayed below. On January 1, Year 1, the Platte Corporation issues a 5-year note payable for $5,000. The
The following intormation applies to the questions displayed below. On January 1, Year 1, the 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 dollar)? Stk. Stmt. of Cash Flows (1,156)FA (906)FA/ (250)OA (951)FA/ (205)OA (1,156)OA AssetsLiab. +Equity Revenue (1,156) (1,156)(951) - Expense = Net Inc 205 A. (1,156) (951) + (205) B.((906) (250) +(205) 1(205) (205) 250(250) NA NA NA NA 205 1-1 (205) 205(205) Multiple Choice Option A Option 8 Option C Option D
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