An auxiliary record of notes receivable that provides detailed information about the notes held by a business is known as a notes receivable register

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


True

Business

You might also like to view...

M & N Enterprises uses strict route designs for its large sales team. M & N most likely wants to:

A. ensure the safety of salespeople. B. eliminate overnight travel. C. improve territory coverage. D. establish performance goals. E. reduce vacation time.

Business

All of the following are correctly punctuated sentences except

A) Many students will get jobs in their fields within six months of graduation; some must wait longer B) Many students will get jobs in their fields within six months of graduation some must wait longer. C) Many students will get jobs in their fields within six months of graduation, but some must wait longer. D) ?Many students will get jobs in their fields within six months of graduation. Some must wait longer.

Business

On February 15, Jewel Company buys 7,000 shares of Marcelo Corp. at $28.53 per share. The stock is classified as a stock investment with insignificant influence. This is the company's first and only stock investment. On March 15, Marcelo Corp. declares a dividend of $1.15 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 15 and ultimately sells half of the Marcelo Corp. stock on November 17 of the current year for $29.30 per share. The fair value of the remaining shares is $29.50 per share. The impact on Jewel's net income as a result of its investment in Marcelo Corp. was a(n):

A. Increase to income of $8,050. B. Decrease to income of $5,440. C. Increase to income of $10,745. D. Decrease to income of $8,050. E. Increase to income of $14,140.

Business

Critical ratio (CR) = 1 implies ______.

a. the job is completed b. the job is ahead of schedule c. the job is on schedule d. the job is behind schedule

Business