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    Intermediate Accounting Study Set 9
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    Exam 13: Current Liabilities and Contingencies
  5. Question
    Discount on Notes Payable Is a Contra Account to Notes
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Discount on Notes Payable Is a Contra Account to Notes

Question 32

Question 32

True/False

Discount on Notes Payable is a contra account to Notes Payable on the balance sheet.

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