When a note is issued at a discount,the carrying value of a note is equal to the:

Name: When a note is issued at a discount,the carrying value of a note is equal to the:
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When a note is issued at a discount, the carrying value of a note is equal to the face value of the note less the discount. This is because the discount is subtracted from the face value to arrive at the cash proceeds received by the borrower. Therefore, the carrying amount of the note should reflect this initial reduction.

When a Note Is Issued at a Discount,the Carrying Value