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Where the drawer and acceptor are both members of the same group, which of the following statements is true: Select one: All the responses in
Where the drawer and acceptor are both members of the same group, which of the following statements is true: Select one: All the responses in this list are true. Bills discounted with recourse give rise to a contingent liability which should be eliminated. Bills discounted without recourse cease to be intra-group debts and ought not to be eliminated. Bills held to maturity appear in group data as both a receivable and payable and are eliminated just like any other intra-group debt.
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