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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