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  • The Reported Net Carrying Amount of A Noninterest-Bearing Note Payable Recoded On A Gross Basis Will Decrease As Time Goes by

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    JAHNHANNALEI MARTICIO
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    The net carrying amount of a noninterest-bearing note payable recorded on a gross basis will decrease over time. This is because the note payable is initially recorded at the present value of the future cash payments, which is less than the face value. As time passes, the discount on the note payable is amortized and accreted into interest expense, reducing the net carrying amount.

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    accounting

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    The Reported Net Carrying Amount of a Noninterest-bearing Note Payable Recoded on a Gross Basis Will Decrease as Time Goes By

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    The net carrying amount of a noninterest-bearing note payable recorded on a gross basis will decrease over time. This is because the note payable is initially recorded at the present value of the future cash payments, which is less than the face value. As time passes, the discount on the note payable is amortized and accreted into interest expense, reducing the net carrying amount.

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    29 views1 page

    The Reported Net Carrying Amount of A Noninterest-Bearing Note Payable Recoded On A Gross Basis Will Decrease As Time Goes by

    Uploaded by

    JAHNHANNALEI MARTICIO
    The net carrying amount of a noninterest-bearing note payable recorded on a gross basis will decrease over time. This is because the note payable is initially recorded at the present value of the future cash payments, which is less than the face value. As time passes, the discount on the note payable is amortized and accreted into interest expense, reducing the net carrying amount.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    The reported net carrying amount of a noninterest-bearing note payable recoded on a gross
    basis will decrease as time goes by

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