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Priscilla's Exotic Pets discounted a note receivable without recourse and the sales criteria were met. How is the discounting recorded A . Only note disclosure

Priscilla's Exotic Pets discounted a note receivable without recourse and the sales criteria were met. How is the discounting recorded

.

Only note disclosure of the arrangement is required.

.

As a secured borrowing

.

As interest revenue

.

As a sale

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