Equal payments of principal plus interest

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Reference no: EM131265589

Wolfe Company has a? 5-year mortgage for $150,000 which requires 5 equal payments of principal plus interest. In the first year of the? mortgage, Wolfe will report this liability as? a:

A. current liability of $30,000 and a? long-term liability of $120,000.

B. current liability of $150,000.

C. ?long-term liability of $150,000.

D. current liability of $120,000 and a? long-term liability of $30,000.

Reference no: EM131265589

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