The promissory note is the simplest form of commercial paper.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Sydney is getting ready to close her sales call. She is not sure the prospect is quite ready so she solicits feedback that provides information regarding the customer's reaction, without asking directly for the order. This is an example of the
A) continuous "yes" close B) trial method close C) summarization close D) assumptive close
Which of the following represents shares of stock that will be issued upon completion of an installment purchase contract?
A) subscribed capital stock B) outstanding capital stock C) treasury stock D) contracted capital stock
A company enters into a contract to purchase a certain quantity of goods from another company during the following month. At this point, would a liability exist? Explain why or why not
Several people play an essential part in setting standards. Which of the following is incorrect as to setting standards?
A) Accountants expresses judgement in dollars and cents. B) Engineers identify material, labor, and machine requirements. C) Human resource managers provide personnel information. D) Quality managers provide quality measures that will be used to evaluate rejects.