Question: 1 5 . If a company issues a non - interest - bearing note payable, then a . no interest expense will be recognized over

15. If a company issues a non-interest-bearing note payable, then a. no interest expense will be recognized over the life of the note. b. no principal payments will be made over the life of the note. . no interest payments will be made over the life of the note. d. the covenants should be rewritten to conform to GAAP .

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