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    Business
  3. Study Set
    College Accounting
  4. Exam
    Exam 14: Notes Receivable and Notes Payable
  5. Question
    When a Business Endorses a Note and Transfers It to a Financial
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When a Business Endorses a Note and Transfers It to a Financial

Question 3

Question 3

Multiple Choice

When a business endorses a note and transfers it to a financial institution,the process is called:


A) dishonoring a note receivable.
B) collecting a note receivable.
C) cosigning a note receivable.
D) discounting a note receivable.

Correct Answer:

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