• 2021-04-14
    Loans that the borrower to pay interest each period and to repay the entire principal (the original loan amount) at some point in the future are called ____________.
  • interest-only loans

    内容

    • 0

      Which of the following are true of mortgages? A: A mortgage is a long-term loan secured by real estate B: A borrower pays off a mortgage in a combination of principal and interest payments that result in full payment of the debt by maturity C: Over 72 percent of mortgage loans finance residential home purchases D: All of the above are true of mortgages

    • 1

      Smith borrowed $21,000 on a one year Note payable with an interest rate of 10% per year on June 1. He will repay the principal and interest at the end of the one-year period. Smith makes accrual adjustments at the end of each month. He should record interest expense of $2,100 on June 30.

    • 2

      【单选题】The person or business that signs a bill receivable and promises to pay the amount required by the bill agreement is called the: A. Creditor of the bill B. Principal of the bill C. Payee of the bill D. Acceptor of the bill

    • 3

      Which of the following is the main purpose of the passage A: To remind students and their families to repay their loan. B: To compare interest rates. C: To inform students and parents of the various loans available. D: To show that government loans charge the least interest.

    • 4

      Which of the following is an example of following the principle of faithful representation? A: Showing finance lease payments as a rent expense B: Being prudent by recording the entire amount of a convertible loan as a liability C: Recording the future payments under an operating lease as a long-term liability D: Recording a sale and repurchase transaction with a bank as a loan rather than a sale