Multiple Choice
On January 1,Year 1,Zero Company obtained a $52,000,4-year,6.5% installment note from Regional Bank.The note requires annual payments of $15,179,beginning on December 31,Year 1.The December 31,Year 3 carrying amount in the amortization table for this installment note will be equal to
A) $0
B) $13,000
C) $14,252
D) $16,603
Correct Answer:
Verified
Correct Answer:
Verified
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