When is a discounted note receivable considered a contingent liability?

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College Accounting Chapters 1-30

ISBN: 978-0077862398

14th edition

Authors: John Price, M. David Haddock, Michael Farina

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Question Posted: Dec 05, 2016 10:32 AM

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When is a discounted note receivable considered a contingent liability?

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It becomes a contingent liability when the note i...View the full answer

College Accounting Chapters 1-30

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