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Frick Company issued its own $10,000, 90-day, non interest-bearing note to a bank. If the...

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Accounting

Frick Company issued its own $10,000, 90-day, non interest-bearing note to a bank. If the note is discounted at 10 percent, the proceeds to Frick are:

a. $10,000

b. $9,000

c. $9,750

d. $10,250

e. None of the above

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