The term, proceeds, when referring to a note payable indicates which of the following? the amount required to pay off the debt the amount of interest owed on the debt the face value of the debt the amount received up front from issuing the debt 2 points The market rate of interest is 7%. The bond has a contract rate of 6%. The face value is $500,000. Wh more than $500,000 equal to $500,000 less than $500,000 none of the above 2 points When paying a dividend, when should the liability be recorded? the date of payment the date of declaration the last day of the year the date of record 2 points Which of the following would be included in the financing section of the statement of cash flows? 2 points The term, proceeds, when referring to a note payable indicates which of the following? the amount required to pay off the debt the amount of interest owed on the debt the face value of the debt the amount received up front from issuing the debt 9 points The market rate of interest is 7%. The bond has a contract rate of 6%. The face value is $500,000. What will be the issue price of this bond? more than $500,000 equal to $500,000 less than $500,000 none of the above 20 When paying a dividend, when should the liability be recorded? the date of payment the date of declaration the last day of the year the date of record