1. The carrying value of a long-term note payable: (a). Is computed as the future value of all remaining future payments,(b) using the market rate as interest Is the face value of the long-term note less the total of all future interest payments Is computed as the present value of all remaining future payments, (c) discounted using the market rate of interest at the time of issuance Is computed as the present value of all remaining interest payments,(d) discounted using the note's rate of interest Decreases each time period the discount on the note is amortized 2. A company's board of directors