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:

Critical-Thinking Skills

The ability to actively and skillfully conceptualize, apply, analyze, synthesize, and evaluate information to reach an answer or conclusion.

Client Care

The provision of services, support, and advocacy to meet the health, social, and personal needs of clients, particularly in healthcare settings.

Acute Client Care Issues

Immediate and urgent health problems that require prompt medical attention to prevent serious outcomes.

Client's Culture

The set of beliefs, practices, customs, and values observed and lived by an individual, which can influence their health behaviors and interactions with healthcare providers.