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Which of the following is FALSE about the Colors gallery?
Note Receivable
A written promise to pay a specified amount of money, usually with interest, at a future date; it is recorded as an asset on the balance sheet.
Due Date
The specific date by which a payment must be made or a task must be completed.
Promissory Note
A written promise to pay a specified sum of money to a certain individual or entity at a specified date or on demand.
Face Amount
An amount at which bonds sell if the market rate equals the contract rate.
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