A(n)________ Clause Permits the Maker to Pay the Amount Due

question 72

Multiple Choice

A(n) ________ clause permits the maker to pay the amount due prior to the due date of the instrument.

• A) usury
• B) pre-payment
• C) acceleration
• D) due-on-sale
• E) extension

---

Definitions:

Goods In Process

Inventory items that are partially completed; they have been started in production but are not yet finished goods.

Process Cost Accounting System

A method of accounting used to track and allocate costs associated with the production process.

Factory Overhead

All indirect costs involved in manufacturing, excluding direct materials and direct labor; includes items like utilities and salaries for managers.

Equivalent Units

A concept in process costing that represents the amount of work done on incomplete units, expressed in terms of fully completed units.