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What amount be recognized as loss from notes discounting

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Reference no: EM132864541

Problem 1: On july 31, 2020 Erza company discounted without recourse at the bank a customers 6,000,000, 180-day, 10% note receivable date june 1, 2020. The bank discounted the note at 12%. What amount should be recognized as loss from notes discounting?

A. 100,000
B. 48,000
C. 252,000
D. 52,000

Reference no: EM132864541

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