On 1 January 2017,Bratios Company Purchases Equipment and Signs a 6-Year

question 50

Multiple Choice

On 1 January 2017,Bratios Company purchases equipment and signs a 6-year mortgage payable for $110,000 at 15%.The mortgage will be paid in equal annual instalments of $29,066,beginning 1 January 2018.Calculate the balance of the Mortgage payable account after the payment of the first instalment.

• A)$16,500
• B)$82,983
• C)$80,934
• D)$97,434

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Definitions:

Dopamine

A neurotransmitter involved in controlling the brain's reward and pleasure centers, as well as regulating movement and emotional responses.

Norepinephrine

A neurotransmitter and hormone involved in the body's fight or flight response, affecting attention, responses to stress, heart rate, and blood pressure.

Perceptual Distortions

Alterations or inaccuracies in the way sensory information is interpreted or represented by the mind.

Hallucinosis

A form of intoxication caused by hallucinogens, consisting of perceptual distortions and hallucinations.