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Magnum Opus Co. issues a long-term, non-interest-bearing note payable. In exchange, Magnum Opus record thedifference between the received special rights and cash. How would you

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Magnum Opus Co. issues a long-term, non-interest-bearing note payable. In exchange, Magnum Opus record thedifference between the received special rights and cash. How would you note's present value and the cash proceeds? As premium on bonds payable As unearned revenue As interest expense As extraordinary loss

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