Identify (by letter) each of the following characteristics as being an advantage, a disadvantage, or not applicable to the corporate form of business organization. 
Definitions:
Discounted Note
A promissory note sold for less than its face value, which will be worth its full value upon maturity; used as a form of short-term financing.
Interest Expense
This is the cost incurred by an entity for borrowed funds, reflected as an expense on the income statement.
Adjusting Entry
A record entered at the conclusion of an accounting cycle to assign revenues and expenses to the appropriate period.
Discounted Note
A promissory note, or loan agreement, where the interest is deducted from the principal amount at the time the loan is issued.
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