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  3. Study Set
    Using Financial Accounting
  4. Exam
    Exam 9: Current Liabilities, Contingencies, and the Time Value of Money
  5. Question
    What Is the Correct Classification of the Account Discount on Notes
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What Is the Correct Classification of the Account Discount on Notes

Question 104

Question 104

Multiple Choice

What is the correct classification of the account Discount on Notes Payable?


A) An asset
B) An expense
C) A revenue
D) A contra liability

Correct Answer:

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