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    Intermediate Accounting Study Set 7
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    Exam 9: Short-Term Operating Assets: Cash and Receivables
  5. Question
    What Type of Account Is Discount on Note Receivable
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What Type of Account Is Discount on Note Receivable

Question 36

Question 36

Multiple Choice

What type of account is Discount on Note Receivable?


A) revenue
B) contra-revenue
C) asset
D) contra-asset

Correct Answer:

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