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Marshal Corporation signs a 3-year note to purchase equipment. The journal entry to record the note includes an entry to Premium on Notes Payable. This

Marshal Corporation signs a 3-year note to purchase equipment. The journal entry to record the note includes an entry to "Premium on Notes Payable". This indicates that Select all of the correct choices. the effective yield or market rate of interest exceeded the stated (nominal) rate. the market interest rate is higher than Marshal's borrowing cost. the current fair value of the note is less than the stated face value of the note. the stated rate of interest exceeded the market rate

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