Which of the following is not a current liability? 6 Multiple Choice 3.5 Doints Notes payable due in six months. O Current ponion of long-term debt. An unused line of credit w Deferred revenue to be eamed in nine months. 2 Saved Help Save & Exit Sub The Pita Pit borrowed $191,000 on November 1, 2021, and signed a six-month note bearing interest at 12%. Principal and interest are payable in full at maturity on May 1, 2022 7 In connection with this note, The Pita Pit should report interest expense at December 31, 2021, in the amount of (Do not round your intermediate calculations.) 3.5 points Multiple Choice $11,460 $3,820 8 SO $22.920 Which of the following is not an advantage of debt financing? B Multiple Choice Interest is tax deductible The cost of borrowing may be lower than the return on equity The ownership interest of current stockholders is unchanged. 0 Debt financing often has no maturity date. In each succeeding payment on an installment note: Multiple Choice The amount that goes to interest expense increases O The amount that goes to interest expense decreases. The amount that goes to interest expense is unchanged O The amounts paid for both interest and principal increase proportionately 3 If bonds are issued with a stated interest rate higher than the market interest rate, the bonds will be issued at Multiple Choice A premium Face amount A discount A discount or premium depending on the maturity date