Question: Please help with all 4 questions When payments are expected to be made over a period longer than one year, the present value of the

Please help with all 4 questions When payments are expected to

be made over a period longer than one year, the present value Please help with all 4 questions

When payments are expected to be made over a period longer than one year, the present value of the cash borrowed must be used to determine the total value of the obligation. True False Question 2 (1 point) When accounting for this borro ng, $1,750,000 would be debited to the cash account. True False Question 3 (1 point) Interest expense to be recorded on December 31, 2019 is $35,000 True False Question 4 (1 point) The notes payable account would be debited for $1,750,000 on December 31, 2021. True False

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