What is the nature of a discount on notes payable?

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What is the nature of a “discount” on notes payable?

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Intermediate Accounting

ISBN: 978-0470423684

13th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

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Question Posted: Feb 17, 2011 06:01 AM

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What is the nature of a discount on notes payable?

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A discount on notes payable represents the difference between the present v...View the full answer

Intermediate Accounting

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