Which of the Following Statements Is Correct

question 82

Multiple Choice

Which of the following statements is correct?

• A) To be considered a negotiable instrument,a promissory note must specify an interest rate.
• B) The amount shown on a note is called the face value.
• C) A company that issued a 6-month note payable would report its face value on the balance sheet as a long-term liability.
• D) A note payable must be payable at a specific time in the future.

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Definitions:

Cornea

The transparent front part of the eye that covers the iris, pupil, and anterior chamber, responsible for focusing most of the light that enters the eye.

Retina

A light-sensitive layer at the back of the eye that converts light images into nerve signals that are sent to the brain.

Pupil

The circular opening in the center of the iris of the eye, which regulates the amount of light that enters.

Lens

A transparent optical component that focuses or disperses light rays, used in a variety of devices such as glasses, cameras, and microscopes to enhance vision or capture images.