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L. A promaissorg seva recorded by the payyee s A. A cash equivalent B. An account receivable C. note receivable. D. A shoet-term investment E.
L. A promaissorg seva recorded by the payyee s A. A cash equivalent B. An account receivable C. note receivable. D. A shoet-term investment E. A note payable The person who signs a note recei the: 2. vable and promises to pay the principal and intrest A. Maker B. Payee C. Holder D. Receiver E. Owner. Reporting the details of notes is consistent with which accounting principle that requires financial statements (including footnotes) to report all relevant information? A. Relevance B. Full disclosure. C. Evaluation. D. Materiality E. Matching. 3. The maturity date of a note receivable: A. Is the day of the credit sale. B. Is the day the note was signed. C. Is the day the note is due to be repaid. D. Is the date of the first payment. E. Is the last day of the month. 4
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