Solution-How the unpaid principal balance will be reported

How the unpaid principal balance will be reported as

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Reference no: EM132906770

Problem 1: Muscat Corporation issued a 20-year mortgage note payable on January 1, 2010. At Dec. 31, 2010, the unpaid principal balance will be reported as:

1- A current liability.

2- interest payable

3- A long-term liability.

4- Part current and part long-term liability

Problem 2: Each of the following transactions would be classified as Financing activity except

A- Issue of bonds

B- Receiving of the dividend

C- Raining a Long term Loan

D- Issue of the Common Stock

Problem 3: The Statement of cash flow classifies cash receipts and cash payments by the activities Investing, financing, and operating.

A- operating and non-operating

B- financing, operating, and non-operating.

C- investing, financing, and non-operating

Reference no: EM132906770

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How the unpaid principal balance will be reported as

Reference no: EM132906770

Reference no: EM132906770

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