Multiple Choice
Hardtack Industries borrowed $336,000 from its bank in return for an installment note with 8% interest.Hardtack will make 6 annual payments of $72,682.At the end of the first period,Hardtack will report a note payable on its balance sheet of:
A) $336,000.
B) $263,318.
C) $290,198.
D) $240,732.
Correct Answer:
Verified
Correct Answer:
Verified
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