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    Fundamental Accounting Principles Study Set 6
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    Exam 14: Long-Term Liabilities
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    When Applying Equal Total Payments to a Note,with Each Payment
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When Applying Equal Total Payments to a Note,with Each Payment

Question 2

Question 2

Essay

When applying equal total payments to a note,with each payment the amount applied to the note principal ____________ while the interest expense for the note _____________.
Answers must appear in this order.

Correct Answer:

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