How would the carrying value on the amortization table will be computed when an interest-bearing note collectible in installment at the end of each year was received at the beginning of the year? Group of answer choices
How would the carrying value on the amortization table will be computed when an interest-bearing note collectible in installment at the end of each year was received at the beginning of the year? Group of answer choices
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter9: Current Liabilities, Contingencies, And The Time Value Of Money
Section: Chapter Questions
Problem 9.12E
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82
How would the carrying value on the amortization table will be computed when an interest-bearing note collectible in installment at the end of each year was received at the beginning of the year?
Group of answer choices
the previous carrying value deduct the collection to principal and add the nominal interest.
the previous carrying value add the amortization of premium and deduct the collection to principal.
the previous carrying value add the effective interest and deduct the collection to principal.
the previous carrying value add the collection to principal and add the amortization of discount.
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