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The Platte Corporation issues a 5-year note payable on January 1,2016 for $5,000.The interest rate is 5% and the annual payment of $1,156,due each December 31,includes both interest and principal.
-Which of the following answers correctly shows the effect of the issuance of the note on Platte's financial statements?
Use the following to answer questions The Platte Corporation issues a 5-year note payable on January 1,2016 for $5,000.The interest rate is 5% and the annual payment of $1,156,due each December 31,includes both interest and principal. -Which of the following answers correctly shows the effect of the issuance of the note on Platte's financial statements? Use the following to answer questions The Platte Corporation issues a 5-year note payable on January 1,2016 for $5,000.The interest rate is 5% and the annual payment of $1,156,due each December 31,includes both interest and principal. -Which of the following answers correctly shows the effect of the issuance of the note on Platte's financial statements? Use the following to answer questions The Platte Corporation issues a 5-year note payable on January 1,2016 for $5,000.The interest rate is 5% and the annual payment of $1,156,due each December 31,includes both interest and principal. -Which of the following answers correctly shows the effect of the issuance of the note on Platte's financial statements? Use the following to answer questions The Platte Corporation issues a 5-year note payable on January 1,2016 for $5,000.The interest rate is 5% and the annual payment of $1,156,due each December 31,includes both interest and principal. -Which of the following answers correctly shows the effect of the issuance of the note on Platte's financial statements? Use the following to answer questions The Platte Corporation issues a 5-year note payable on January 1,2016 for $5,000.The interest rate is 5% and the annual payment of $1,156,due each December 31,includes both interest and principal. -Which of the following answers correctly shows the effect of the issuance of the note on Platte's financial statements?

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