Examlex
Which of the following statements is LEAST accurate?
Carrying Value
The net amount at which an asset or liability is reported on the balance sheet, taking into account depreciation, amortization, and impairment costs, alongside its original cost.
Unamortized Premium
The portion of a bond premium that has not yet been amortized or gradually written off over time.
Installment Note
A financial instrument that requires the issuer to make regular payments of both principal and interest to the holder until the debt is paid off.
Interest Portion
Part of a loan payment that is attributed to interest charges on the borrowed principal amount.
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