When a Note Receivable Is Dishonored

question 202

Multiple Choice

When a note receivable is dishonored

• A) interest revenue is never recorded.
• B) bad debts expense is recorded.
• C) the maturity value of the note is written off.
• D) Accounts Receivable is debited if eventual collection is expected.

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Definitions:

Decimal Number

A number that contains a decimal point, representing a fraction of 10.

Leading 0

A zero placed in front of a decimal number to enhance readability and denote a value less than one.

Dosage Error

A mistake in the prescribing, dispensing, or administration of a medication, potentially leading to harm in patients.

Decimal Place

The position of a digit to the right of the decimal point in a number, indicating its value.