The Hudson Company borrowed $250,000 to purchase machinery and agreed to pay 4% interest for six years on an installment note. Each note payment is $47,690. How much interest is Hudson paying over the life of the loan?

_____ created more of a balance of management rights with respect to negotiations

Fill in the blank(s) with the appropriate word(s).

The assets and liabilities of the company are $175,000 and $40,000, respectively. Owner's equity should equal

A) $215,000 B) $135,000 C) $175,000 D) $40,000