Question: True or False... When a long-term note payable is issued, the entire amount should be initially recorded as a long-term note payable

True or False... When a long-term note payable is issued, the entire amount should be initially recorded as a long-term note payable

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When a long-term note payable is issued, the entire amount should be initially recorded as a long-term note payable. YES OR NO ??

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