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    Intermediate Accounting Study Set 6
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    Exam 13: Current Liabilities and Contingencies
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    Discount on Notes Payable Should Be Classified as a
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Discount on Notes Payable Should Be Classified as a

Question 33

Question 33

Multiple Choice

Discount on Notes Payable should be classified as a


A) current asset
B) contra account to Notes Payable
C) part of stockholders' equity
D) deferred debit

Correct Answer:

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