Question: When a note receivable is issued at a premium, the face value of the note equals the proceeds the carrying value of the note decreases

When a note receivable is issued at a premium,
the face value of the note equals the proceeds
the carrying value of the note decreases over the life of the note receivable
the market rate of interest is below the stated bond rate
the amount of discount amortized decreases each year over the life of the note
When a note receivable is issued at a premium,

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