1. The carrying value of a long-term note payable: (a). Is computed as the futur

Question

1. The carrying value of a long-term note payable: (a). Is computed as the future value of all remaining future payments,(b) using the market rate as interest Is the face value of the long-term note less the total of all future interest payments Is computed as the present value of all remaining future payments, (c) discounted using the market rate of interest at the time of issuance Is computed as the present value of all remaining interest payments,(d) discounted using the note's rate of interest Decreases each time period the discount on the note is amortized 2. A company's board of directors

Explanation / Answer

Assuming the note's rate of interest is approximate to market rate, then A. If it is non-interest bearing, or the nominal rate is too different from market rate, then B 2:It's only the outstanding shares that matter - not the amount of shares authorized or issued. (Just as an aside, the company appears to have bought back 500 shares that were originally issued). Anyways, the answer is ($0.75 x 9,500) = $ 7,125. 3: A liability 4:(b) Mortgages 5:Just the earnings per share often denoted EPS.

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