accounting-The ________ of a promissory note is responsible for repayment of the note.

QUESTION

.The ________ of a promissory note is responsible for repayment of the note. (Points : 20) creditor payee maker principleQuestion 2.2.Which of the following is NOT used to calculate the acid-test ratio? (Points : 20) inventory current liabilities cash net current receivablesQuestion 3.3.________ should be debited when writing off an account using the direct write-off method. (Points : 20) Cash Allowance for uncollectible accounts Uncollectible account expense Accounts receivableQuestion 4.4.The allowance method adheres to the ________. (Points : 20) time-period concept matching principle revenue recognition principle Sarbanes-Oxley ActQuestion 5.5.Holland Company is the payee of a nine month note for $5,000 with an interest rate of 5.5%. The maturity value of this note is ________ (rounded). (Points : 20) $5,000 $5,206 $5,275 $275

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