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  3. Study Set
    College Accounting Study Set 5
  4. Exam
    Exam 17: Accounting for Notes and Interest
  5. Question
    If the Maker of a Note Does Not Pay or Renew
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If the Maker of a Note Does Not Pay or Renew

Question 30

Question 30

Multiple Choice

If the maker of a note does not pay or renew a note at maturity, the note is said to be


A) dishonored.
B) discounted.
C) discontinued.
D) dismantled.

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