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The carrying value of a long-term note payable: Is computed as the future value of all remaining future payments, using the market rate of interest.
The carrying value of a long-term note payable:
| Is computed as the future value of all remaining future payments, using the market rate of interest. | |
| Is the face value of the long-term note less the total of all future interest payments. | |
| Is computed as the present value of all remaining future payments, discounted using the market rate of interest at the time of issuance. | |
| Is computed as the present value of all remaining interest payments, discounted using the note's rate of interest. | |
| Decreases each time period the discount on the note is amortized. |
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The Quality Audit A Management Evaluation Tool
Authors: Charles A. Mills
1st Edition
0070424284, 978-0070424289
