Muscat Corporation issued a 20-year mortgage note payable on January 1 balance will be reported as: O a long-term liability interest payable part current and part long-term liability O a current liability QUESTION 3 Sama Inc. issues 10-year bonds with a maturity value of $200,000. If the bonds are at a premium, this indicates that the contractual interest rate and the market interest rate are the same o the contractual interest rate exceeds the market interest rate the market interest rate exceeds the contractual interest rate o no relationship exists between the two rates