A note in which the maker does not pay or renew at maturity is called a
a. promissory note; b. cosigned note; c. dishonored note;
d. discounted note; e. non-interest bearing note
C
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The normal balance of the Dividends account is a credit
a. True b. False Indicate whether the statement is true or false
To be valid, an agreement not to compete must be ancillary to a legitimate bargain
a. True b. False Indicate whether the statement is true or false
Use the Gantt chart and the activity list to determine which resource is used the least
Activity Resources Activity Resources A 1 F 2 B 1 G 3 C 4 H 4 D 2 J 3 E 2 K 5 A) Resource 1 B) Resource 3 C) Resource 4 D) Resource 2
Dominique, a certified public accountant, provides accounting services to Eagle Corporation. The services include preparing Eagle's financial reports and issuing opinion letters based on the reports. In 2008, Eagle falls into serious financial trouble, but neither Dominique's reports nor her opinion letters indicate this situation. Relying on Dominique's portrayal of Eagle's financial situation, Eagle borrows a large sum of money to build a new shipping facility. In lending Eagle the money, First National Bank relies on Dominique's opinion letter. Dominique is aware of this reliance. If Dominique did not engage in intentional fraud but was negligent, what is her potential liability?
What will be an ideal response?