When a zero-interest-bearing note is issued at an amount less than face value?

urrent Attempt in Progress When a zero-interest-bearing note is issued at an amount less than face value the company records the difference between the face amount and cash received (present value) as a premium and amortizes that amount to interest income over the life of the note. the company calculates the difference between the face amount and cash received (present value) as a discount and records that amount as interest expense at the date of issue. the company records the difference between the face amount and cash received (present value) as a discount and amortizes that amount to interest expense over the life of the note. there is no interest recorded for a non-interest-bearing