ACCOUNTING Final Exam Question 9 (of 30) 9. You did not receive full cr MC Qu. 6

Question

ACCOUNTING Final Exam Question 9 (of 30) 9. You did not receive full cr MC Qu. 64 The maturity date of a note receivable: The maturity date of a note receivable: O Is the day of the credit sale. Is the date of the first payment O Is the day the note is due to be repaid. O is the day the note was signed O is the last day of the month. References Multiple Choice Difficulsy 1 Easy MC Qu. 64 The maturity date of a note receivable: Learning Objective: 07-92 Describe a note receivable, the tation of its maturity 0

Explanation / Answer

Question: The maturity date of a Note recevables Answer is Option : (3)   is the day the Note is Due to be Repaid Note recevables are realised on the date of maturity date . Maturity date is the date that note is due to be repaid and it is determined by the parties on they date of note was signed

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