Indicate Whether Each of the Following Statements Is True or False

Short Answer

Indicate whether each of the following statements is true or false.
_____ a)Interest expense on long-term installment notes increases each year.
_____ b)Cash for machinery or buildings is often obtained by issuing long-term debt.
_____ c)Short-term notes payable normally mature within a year.
_____ d)Long-term installment notes are repaid all at once two to five years after the issue date.
_____ e)Most long-term loans are obtained from the corporation's stockholders.