Question: The account Discount on Notes Payable: Question 36 options: is a contingent liability account. is a contra liability account. is an asset account because it

The account Discount on Notes Payable: Question 36 options: is a contingent liability account. is a contra liability account. is an asset account because it has a debit balance. is amortized to reduce interest expense over the life of a note. None of these

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