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    Intermediate Accounting Study Set 4
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    Exam 18: Investing Assets
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    What Type of Account Is Discount on Notes Receivable
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What Type of Account Is Discount on Notes Receivable

Question 40

Question 40

Multiple Choice

What type of account is Discount on Notes Receivable?


A) Contra-Asset account
B) Contra-Revenue account
C) Liability account
D) Expense account

Correct Answer:

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