Which of the Following Statements Is Not Correct

Multiple Choice

Which of the following statements is not correct?

A) When a note receivable is discounted, the proceeds are computed by subtracting the discount from the maturity value of the note.
B) The entry to record the discounting of a note receivable may result in the recognition of interest expense.
C) When a note is discounted at a bank, the proceeds are always less than the maturity value of the note.
D) When a note receivable is discounted at a bank, the entry to record the transaction includes a debit to cash.