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9 October, 10:49

At what amount is a short-term notes receivable recorded on the issue date?

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  1. 9 October, 14:02
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    At face value

    Explanation:

    Short term notes are always recorded at face value, and that applies to both interest and non-interest bearing short term notes.

    Non-interest bearing long term notes must be recorded at their discounted value, i. e. you must discount the long term note' face value by the discount rate used by the company.
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