Question
What does it mean to borrow money on a discount basis?This has to do with borrowing money from a bank on a discount basis. This
What does it mean to borrow money on a discount basis?This has to do with borrowing money from a bank on a discount basis. This is not related to bond issues/sales.
Be cautious: borrowing on a discount basis has to do with going to a lender (banker) for a loan.Be sure not to confuse borrowing on a discount bases with the bond discount discussed later in chapter 7.
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Managerial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
8th edition
978-1-119-3904, 1119392422, 111939242X, 1119390451, 978-1119392422
