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CH13: Which of the following is not a correct statement about the discount in the zero-interest-bearing notes payable? Select one: O a. It represents the

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CH13: Which of the following is not a correct statement about the "discount" in the zero-interest-bearing notes payable? Select one: O a. It represents the lender's cost to underwrite the note. O b. It will be amortized over the life of the note and the same amount will be recognized as interest expense in each period. O c. It represents the cost of borrowing. O d. It represents interest expense chargeable to future periods. CH13: In a service-type warranty, warranty revenue is Select one: a. not recognized. O b. recognized only in the last year of the warranty period. c. recognized equally over the warranty period. O d. recognized in the year of sale

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