Question: 16. Which statement concerning notes receivable is false? a. Notes receivable initially should be recorded at the present value of the future cash receipts. b.

16. Which statement concerning notes receivable is false? a. Notes receivable initially should be recorded at the present value of the future cash receipts. b. All notes implicitly include interest. c. The account Discount on Notes Receivable is a contra-revenue account.. d. The account Notes Receivable Dishonored is an asset account

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