If bonds issued by a corporation are sold at a premium, the market rate of interest is; determines the contract rate greater than the contract rate the same as the contract rate less than the contract rate The maturity value of a $2,000 promissory note, 5% interest due in 90 days is: 1,975 2,100 2,025 2,030 Bonds or notes payable that mature within the next year are reported in what part of the financial statements? long term liabilities section of the balance sheet other expense section of the income statement current liabilities section of the balance sheet other income section of the income statement