How will the payee of the promissory note record the note on its books?

a. The promissory note will be recorded as an asset.
b. The promissory note will be recorded as a liability.
c. The promissory note will be recorded as revenue.
d. The promissory note will be recorded as an expense.


a

Business

You might also like to view...

It is a good idea to negotiate for yourself when you are emotionally involved in an issue or problem in order not to get sidetracked by the discussion.

Answer the following statement true (T) or false (F)

Business

Which of the following numbers of shares could properly exist in a corporation?

A) 100,000 issued, 90,000 outstanding, and 80,000 authorized B) 100,000 authorized, 90,000 issued, and 80,000 outstanding C) 100,000 outstanding, 90,000 issued, and 80,000 authorized D) 100,000 authorized, 90,000 outstanding, and 80,000 issued E) A or C

Business

It is not a violation of the ADA to ask an employee if a work assignment might be modified to help accommodate their disability

a. True b. False Indicate whether the statement is true or false

Business

When a structure satisfies all the properties of a relation except for the first item—in other words, some entries contain repeating groups and thus are not single-valued—it is referred to as a(n) ____________________

Fill in the blank(s) with correct word

Business