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When a note receivable has been discounted by a company a. An account called discount on notes receivable is used. b. It will be shown

When a note receivable has been discounted by a company

a.

An account called discount on notes receivable is used.

b.

It will be shown as an asset of the company.

c.

It slows the collection process.

d.

It may be shown as a contingent liability in the footnotes.

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