Question: Which statement concerning notes receivable is false? All notes implicitly include interest . The account Notes Receivable Dishonored is an asset account. The account Discount

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

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