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On January 1,2013,Thames Company purchases property and signs a 6-year mortgage note $60,000 at 4%.Please see the partial amortization schedule below.
- At the end of 2013,what amount would be shown on the balance sheet for mortgage payable (excluding the current portion) ?
Shipping Terms
Conditions agreed upon by the buyer and seller regarding the delivery of goods, including the mode of transport, payment, and point of delivery.
Technical Title
A specific title that accurately reflects the technical qualifications, expertise, or knowledge required for a particular job or position.
Risk Of Loss
The risk that an asset might be destroyed, damaged, or lost, affecting its value.
Ordinary Course
A term used in business and law to refer to the normal conduct of business and operations.
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