Question: Selected Item Attempt Preview Preview In Window Large Previe Notes Payable Transactions A business issued a 90-day, 5% note for $60,000 to a creditor for

Selected Item Attempt Preview Preview In Window Large Previe Notes Payable Transactions A business issued a 90-day, 5% note for $60,000 to a creditor for an accounts payable. Indicate the effects on net assets and earnings per share (EPS) of each of the following: 1. Issuing the notes payable. 2. Paying the note at maturity, including interest. (Assume 360 days in a year.) Solvency Metric Profitability Metric Net Assets Earnings per Share 1. Issuing notes payable No effect No effect 2. Payment at maturity 750 No effect X

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