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Match the Terms with the Definitions

Question 8

Multiple Choice

Match the terms with the definitions.
-A note on which no rate of interest is specified, although the note does include an interest component.


A) term of the note
B) accrued interest on notes receivable
C) bank discount (note payable)
D) bank discount (note receivable)
E) contingent liability
F) rate of interest
G) discounting (note payable)
H) payee
I) notes receivable register
J) non-interest-bearing note
K) interest-bearing note

Correct Answer:

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