Which of the Following Statements Is Correct

Multiple Choice

Which of the following statements is correct?

A) To be considered a negotiable instrument, a promissory note must specify an interest rate.
B) The amount stated on a note is called the face value.
C) A company that issued a 6-month note payable would report its face value on the balance sheet as a long-term liability.
D) A note payable must be payable at a specific time in the future.