The proceeds of a discounted note are equal to the face value of the note. True False
The proceeds of a discounted note are equal to the face value of the note. True False
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter18: Acquiring Capital For Growth And Development
Section18.1: Short-term Debt Financing
Problem 2AYU
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The proceeds of a discounted note are equal to the face value of the note.
True
False
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