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  3. Study Set
    College Accounting A Career Approach
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    Exam 16: Notes Receivablenotes Payable
  5. Question
    A Note Is Considered Discounted When Its Maker Fails to Pay
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A Note Is Considered Discounted When Its Maker Fails to Pay

Question 8

Question 8

True/False

A note is considered discounted when its maker fails to pay the principal amount or to renew the note at maturity.

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