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Home Q & A Board Other Fields Homework Help Business Accounting
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Fast2F Fast2F
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7 years ago
When a note receivable is discounted, the business that endorses the note becomes potentially liable to the bank. This type of liability is called a:
A) contingent liability.
B) conditional liability.
C) dependent liability.
D) potential liability.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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AugustisAugustis
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Fast2F Author
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#2
6 years ago
Correcttttt
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#3
5 years ago
Happy to help Slight Smile
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