Question : On the balance sheet, a mortgage loan is recorded as the Points: interest only : 3586

On the balance sheet, a mortgage loan is recorded as the Points: interest only. sum of interest paid and the outstanding balance. sum of interest due and the outstanding balance. principal portion only. none of these. The balance sheet equation is: Total Assets/Total Liabilities = Net Worth. Total Assets times Total Liabilities = Net Worth. Total Assets - Total Liabilities = Net Worth. Total Assets + Total Liabilities = Net Worth. Total Liabilities - Total Assets = Net Worth. The income statement is specific to one point in time. a specific period of time. last year. next year. none of these. The income statement includes income, liabilities, net worth. income, expenditures, surplus or deficit. expenditures, net worth, surplus or deficit. net worth, surplus, income or expenditures. savings, surplus, income or expenditures.