On January 1,2013,Thames Company Purchases Property and Signs a 6-Year

question 139

Multiple Choice

On January 1,2013,Thames Company purchases property and signs a 6-year mortgage note for $60,000 at 4%.Please see the partial amortization schedule below. $$\begin{array} { l l r } \text { AMORTIZATION SCHEDULE } & \text { Principal } & \$ 60,000.00 \\\text { (partial) } & \text { Rate } & 4.00 \% \\& \text { Payment } & \$ 980.00\end{array}$$ At January 1,2013,what portion of the balance of the mortgage payable should be shown as a current liability?

• A) $11,760.00
• B) $9,533.52
• C) $2,226.48
• D) $50,466.48

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Definitions:

Blastocyst

An early stage in the development of an embryo, consisting of a hollow sphere of cells that implants into the wall of the uterus.

Placenta

An organ that develops in the uterus during pregnancy, providing oxygen and nutrients to the growing baby and removing waste products, functioning as a critical support system for fetal development.

Expectant Mother

A woman who is pregnant and awaiting the birth of her child.

Developing Fetus

A prenatal human between the embryonic state and birth, undergoing significant physical and physiological development.