When a company issues a long-term non-interest-bearing note payable in exchange for cash and special rights, the difference between the cash proceeds and the present value of the note is recorded as
A)premium on bonds payable
B)unearned revenue
C)interest expense
D)extraordinary loss

Question

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The Answer of When a company issues a long-term non-interest-bearing note payable in exchange for cash and special rights, the difference between the cash proceeds and the present value of the note is recorded as
A)premium on bonds payable
B)unearned revenue
C)interest expense
D)extraordinary loss

When a Company Issues a Long-Term Non-Interest-Bearing Note Payable in Exchange