IBM Signs an Agreement to Lend One of Its Customers

question 25

Multiple Choice

IBM signs an agreement to lend one of its customers $200,000 to be repaid in one year at 5.5% interest.IBM would record this loan as:

• A)notes payable.
• B)accounts receivable.
• C)notes receivable.
• D)unearned revenue.

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Definitions:

Event

An occurrence or happening, especially one of significance, that can be observed or participated in by an individual or group.

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The evaluation of one's ability to cope with or manage the consequences of a stressful event after recognizing it as a threat or challenge.

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The initial evaluation process where a person assesses the significance of a stressor or event.