Multiple Choice
Which of the following statements is true?
A) With fixed principal payments on a long-term note payable, the principal portion increases each period.
B) With fixed principal payments on a long-term note payable, the interest portion decreases each period.
C) With fixed principal payments on a long-term note payable, the interest portion does not change each period.
D) With fixed principal payments on a long-term note payable, the interest portion increases each period.
Correct Answer:
Verified
Correct Answer:
Verified
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