Which Statement Is Not True

question 17

Multiple Choice

Which statement is not true?

• A)Notes receivable initially should be recorded at the present value of the future cash receipts on the date of issue.
• B)All notes implicitly carry interest.
• C)Discount on Notes Receivable is a contra account frequently found with interest-bearing notes.
• D)The account Notes Receivable Dishonored is an asset account.

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Definitions:

Affiliation

The connection or relation of a person or organization to another or others, often indicating a relationship of membership.

Influence Tactics

Methods or strategies used by individuals or groups to affect the decisions, behaviors, and opinions of others.

Power Bases

The sources from which individuals or groups derive their ability to influence others, including factors like expertise, relationships, authority, or access to resources.

High Need

A heightened, intense demand or necessity for a particular resource, feeling, or condition by an individual or group.