ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 282
c. When there is a discount on a note payable, the effective
interest rate is higher than the stated discount rate.
d. All of these are true.
26.
Which of the following may be a current liability?
a. Withheld Income Taxes
b. Deposits Received from Customers