.The ________ of a promissory note is responsible for repayment of the note. (Points : 20)

creditor payee maker principle

Question 2.2.Which of the following isNOTused to calculate the acid-test ratio? (Points : 20)

inventory current liabilities cash net current receivables

Question 3.3.________ should be debited when writing off an account using the direct write-off method. (Points : 20)

Cash Allowance for uncollectible accounts Uncollectible account expense Accounts receivable

Question 4.4.The allowance method adheres to the ________. (Points : 20)

time-period concept matching principle revenue recognition principle Sarbanes-Oxley Act

Question 5.5.Holland Company is the payee of a nine month note for $5,000 with an interest rate of 5.5%. The maturity value of this note is ________ (rounded). (Points : 20)

$5,000 $5,206 $5,275 $275