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If the proceeds of a note discounted at a bank are greater than the face value of the note, the difference is recognized as Multiple
If the proceeds of a note discounted at a bank are greater than the face value of the note, the difference is recognized as Multiple Choice interest receivable. interest expense. notes receivable discounted. interest income
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Accounting
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
28th Edition
1337902683, 978-1337902687
