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  2. Topic
    Business
  3. Study Set
    Intermediate Accounting Reporting and Analysis
  4. Exam
    Exam 9: Current Liabilities and Contingencies
  5. Question
    Discount on Notes Payable Should Be Classified as a
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Discount on Notes Payable Should Be Classified as a

Question 91

Question 91

Multiple Choice

Discount on Notes Payable should be classified as a


A) current asset
B) contra account to Notes Payable
C) part of stockholders' equity
D) companion account to Notes Payable

Correct Answer:

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