The Carrying Value of a Long-Term Note Payable

question 162

Multiple Choice

The carrying value of a long-term note payable:

• A)Is computed as the future value of all remaining future payments,using the market rate as interest.
• B)Is the face value of the long-term note less the total of all future interest payments.
• C)Is computed as the present value of all remaining future payments,discounted using the market rate of interest at the time of issuance.
• D)Is computed as the present value of all remaining interest payments,discounted using the note's rate of interest.
• E)Decreases each time period the discount on the note is amortized.

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Definitions:

Imprinting

Learning to make a particular response to only one type of animal or object.

Sexual Selection

Changes in males and females, often due to male competition and female selectivity, leading to increased fitness.

Natural Selection

Mechanism of evolutionary change caused by environmental selection of organisms most fit to reproduce; results in adaptation to the environment.

Fixed-Action Pattern

A fixed-action pattern is a sequence of unlearned, innate behaviors that is triggered by a specific stimulus and is carried to completion once started.