17. A note receivable that is sold (i.e. discounted) to obtain early cash must be: Retained in the accounts in the same manner as before discounting. Reported as an unusual loss if it is dishonored. Disclosed as a contingent liability if it is discounted without recourse. Reported as a sale or a loan. 18. The equity method of accounting for a consolidated company probably will be used when the proportion of its voting shares held is as low as: 18 percent. 20 percent. 50 percent. Any percent, as long as there is demonstrated significant influence. 23 percent