A Zero-Interest-Bearing Note Payable That Is Issued at a Discount

question 50

True/False

A zero-interest-bearing note payable that is issued at a discount will not result in any interest expense being recognized.

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Definitions:

Transtheoretical Model

A theory of behavior change that assesses an individual's readiness to act on a new healthier behavior, and provides strategies to guide the individual through the stages of change.

Precontemplation

A stage in the Transtheoretical Model of Behavior Change where the individual is not yet considering change or unaware of the need to change.

Action

The process of doing something in order to achieve a specific goal or result.

Stages of Change

A concept in psychology that maps out the phases individuals go through as they modify behavior, ranging from precontemplation to maintenance.