Which one of the following amounts increases each period when accounting for long-term notes payable?
A) Cash payment
B) Interest expense
C) Principal balance
D) Reduction of principal

Question

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The Answer of Which one of the following amounts increases each period when accounting for long-term notes payable?
A) Cash payment
B) Interest expense
C) Principal balance
D) Reduction of principal

Which One of the Following Amounts Increases Each Period When