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On January 1, 2013, Thames Company Purchases Property and Signs

Question 95

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On January 1, 2013, Thames Company purchases property and signs a 6-year mortgage note for $60,000 at 4%. Please see the partial amortization schedule below. On January 1, 2013, Thames Company purchases property and signs a 6-year mortgage note for $60,000 at 4%. Please see the partial amortization schedule below. At January 1, 2013, what portion of the balance of the mortgage payable should be shown as a current liability? A) $11,760.00 B) $9,533.52 C) $2,226.48 D) $50,466.48 On January 1, 2013, Thames Company purchases property and signs a 6-year mortgage note for $60,000 at 4%. Please see the partial amortization schedule below. At January 1, 2013, what portion of the balance of the mortgage payable should be shown as a current liability? A) $11,760.00 B) $9,533.52 C) $2,226.48 D) $50,466.48 At January 1, 2013, what portion of the balance of the mortgage payable should be shown as a current liability?


A) $11,760.00
B) $9,533.52
C) $2,226.48
D) $50,466.48

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