1. what is the difference between classification of a note as
short term or long term?
2. at the beginning of year 1, B Co, has a note of $72,000 that
calls for an annual payment of $16,246, which includes both
principal and interest rate is 8 percent, what is the amount o
finterewst expense in year 1 and in year 2? what is the balance of
the note at the end of year 2?
3. What is the purpose...