Question: A note that does not include an interest rate should be recorded at: a. Its face amount at all times. b. Its present value

A note that does not include an interest rate should be recorded

A note that does not include an interest rate should be recorded at: a. Its face amount at all times. b. Its present value at all times. C. Its present value if the difference between face and present value is material. d. Its face amount if the difference between face and present value is material.

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