Which of the Following Statements Pertaining to Fixed-Rate Non-Current Instalment

Multiple Choice

Which of the following statements pertaining to fixed-rate non-current Instalment Notes Payable is correct?

A) Blended payments result in the same amount of principal being paid at every payment date.
B) When blended payments are made, a progressively larger portion of the payment goes toward the principal while a progressively smaller portion of the payment goes toward the interest.
C) When blended payments are made, a progressively smaller portion of the payment goes toward the principal while a progressively larger portion of the payment goes toward the interest.
D) Blended payments do not apply to non-current Instalment Notes Payable.