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    College Accounting Study Set 2
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    Exam 14: Notes Receivable and Notes Payable
  5. Question
    When a Commercial Bank Discounts a Note on the Date
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When a Commercial Bank Discounts a Note on the Date

Question 80

Question 80

True/False

When a commercial bank discounts a note on the date of issue, the interest is deducted when the note matures.

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