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What is the essence of accounting for discounted receivables on the consolidated statements? A. The consolidated balance sheet should include only notes receivable transactions with

What is the essence of accounting for discounted receivables on the consolidated statements?

A.
The consolidated balance sheet should include only notes receivable transactions with outsiders.

B.
There cannot be an intercompany note receivable transaction.

C.
They should all be eliminated.

D.
The consolidated balance sheet should never include a note receivable discounted.

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	A.	The consolidated balance sheet should include only notes receivable transactions with outsiders.
	B.	There cannot be an intercompany note receivable transaction.
	C.	They should all be eliminated.
	D.	The consolidated balance sheet should never include a note receivable discounted.