On January 1, Year 1, Zero Company Obtained a $52,000

question 16

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 allocation of periodic payments table for this installment note will be equal to

• A) $0
• B) $13,000
• C) $14,252
• D) $6,463

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Definitions:

Positive Correlation

A relationship between two variables in which both either increase or decrease together.

Class Assessments

Various methods and tools used by educators to evaluate, measure, and document the academic readiness, learning progress, skill acquisition, or educational needs of students.

Correlated

When two or more variables have a statistical relationship and changes in one variable are associated with changes in another.

Motivated To Learn

A state in which an individual has a strong desire or willingness to acquire knowledge, skills, or understanding.