What Is (Are)the Term(s)used to Describe the Party Who Borrows

question 123

Multiple Choice

What is (are) the term(s) used to describe the party who borrows money as evidenced by a note payable?

• A)Lender
• B)Payee
• C)Issuer
• D)Issuer and lender

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Definitions:

Operating Assets

Assets used by a business in its day-to-day operations to generate revenue, such as machinery, buildings, and inventory.

Return On Investment

A measure used to evaluate the efficiency of an investment or compare the efficiencies of several different investments, calculated as net profit divided by the cost of the investment.

Return On Investment Ratio

A financial metric used to evaluate the efficiency of an investment, calculated by dividing the net profit by the original capital cost of the investment.

Judgmental Factors

Elements that require personal assessment and decision-making in the valuation of assets, determination of liabilities, or other financial reporting activities.