On January 15, 2015, Craig Company Received a Two-Month, 9

question 165

Multiple Choice

On January 15, 2015, Craig Company received a two-month, 9%, $9,000 note from William Pentel for the settlement of his open account. The entry by Craig Company on January 15, 2015 would include a:

• A)debit of $9,135 to Notes Receivable.
• B)debit of $9,000 to Notes Receivable.
• C)credit of $9,135 to Accounts Receivable.
• D)credit of $9,000 to Notes Receivable.

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Definitions:

Deception

The act of misleading or providing false information to others in order to gain an advantage or hide the truth.

Experimental Research

A research methodology that assesses cause-and-effect relationships by manipulating one or more variables while holding others constant to study their effects on certain outcomes.

Reliability

The degree to which an assessment tool produces stable and consistent results over multiple trials.

Validity

The extent to which a concept, conclusion, or measurement is well-founded and likely corresponds accurately to the real world.