In accounting for interest$-$bearing notes receivable,

the effective$-$interest method is used to amortize interest for notes that exceed one year.

interest revenue is recognized at the date the note is signed.

the stated rate and effective rate are always the same.

Discount on Notes Rece $F^{\text{h}\text{a}\text{m}\text{b}\text{l}\text{e}}$ ble is credited when interest is amortized.