Why does the discounting of a note receivable with recourse result in a contingent liability? Should the
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When a note receivable is discounted with recourse it means that if the customer fails to pay the b...View the full answer
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Related Book For 
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1133161646
7th Edition
Authors: Gary A. Porter, Curtis L. Norton
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