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Which of the following is false regarding long - term notes payable? Multiple Choice The note's carrying ( book ) value at any time equals
Which of the following is false regarding longterm notes payable?
Multiple Choice
The note's carrying book value at any time equals its face value minus any unamortized discount or plus any unamortized premium.
Notes payable are usually issued by a single lender.
An issuer records a note at its selling price, which is the note's face value plus any discount or minus any
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