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snow_tiger [21]
3 years ago
8

A corporation borrowed money from a bank to build a building. The long-term note signed by the corporation is secured by a mortg

age that pledges title to the building as security for the loan. The corporation is to pay the bank $80,000 each year for 10 years to repay the loan. Which of the following relationships can you expect to apply to the situation?
a. The entire balance of mortgage payable at a given balance sheet date will be reported as a long-term liability.
b. The portion of the annual payment applied to the loan principal will decrease each period.
c. The balance of mortgage payable will decrease each period the loan is outstanding.
d. The amount of annual interest expense will increase over the 10-year period.
Business
1 answer:
Sunny_sXe [5.5K]3 years ago
4 0

Answer:

c. The balance of mortgage payable will decrease each period the loan is outstanding.

Explanation:

Since in the question it is mentioned that the coporation has to pay the amount of $80,000 to bank for 10 years in order to reply the loan so according to the given options the option c should be selected as the part of the annual payment would be considered to the loan principal amount this increase for each and every period but at the same time the interest expense amount would be reduced in each and every period at the time when loan become outstanding

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Explanation:

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The access was increased past this limit however to 18.01. The company therefore will now have more access to the resource and so will be willing to pay a different amount for the resource.

4 0
2 years ago
The Allowance for Bad Debts has a credit balance of $ 9 comma 500 before the adjusting entry for bad debts expense. After analyz
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Answer:

$5,500

Explanation:

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= $5,500

The entries to be posted are

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6 0
3 years ago
A citation identifies the publication in which a legal authority can be found.​
Snezhnost [94]
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5 0
2 years ago
A subtle form of racial discrimination in housing is​ "racial steering." racial steering occurs when real estate agents show pro
Olenka [21]
B. H0 : There is no association between race and the section of the apartment complex.
 H A: There is an association between race and the section of the apartment complex.

Find the χ2 statistic
 Solution
The formula for calculating χ2 statistic is given by ;
χ2∗ =∑(Oi−Ei)2/Ei, where Oi and Ei is the i^th observation and the i^th expected count
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χ2 = 7.104439336,
χ2 = 7.104 (rounded to 3 decimal .places)


The P-value is;
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P-value from chi-square calculator is 0.007689

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2 years ago
1+1<br><br> \ROAST BACK TIMES GOOOOOO GOOOOOOO GOOOOOOO
Anna71 [15]
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7 0
3 years ago
Read 2 more answers
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