On January 1, Year 1, Mahoney Company borrowed $177,000 cash from Sun Bank by issuing a 5-year, 8% term note. The principal and interest are repaid by making annual payments beginning on December 31, Year 1. The annual payment on the loan equals $40,950.What is the amount of principal repayment included in the payment made on December 31, Year 1?
A. $37,674
B. $40,950
C. $26,790
D. $14,160
Answer: C
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In the United States, most low-skilled manufacturing jobs have been lost due to
a. unfair tariffs. b. international trade. c. immigrants. d. robots and other automation technology.
When creating a UML class diagram to support the conversion process, which of the following approaches provides a way to meet both accounting and general management information requirements?
A. The REA framework. B. BPMN guidelines. C. The COSO framework. D. A star schema.
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Answer the following statement true (T) or false (F)
Which of the following is not a privacy advocacy group?
A. EPIC B. TIO C. CDT D. EFF