For a Note Receivable That Was Created on November 1,2018

question 225

Multiple Choice

For a note receivable that was created on November 1,2018 and is due for repayment on October 31,2019,what is the time fraction needed to compute interest revenue for the year ended December 31,2018?

• A)2/12
• B)2/10
• C)12/12
• D)22/12

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Definitions:

Social Development

The increasing complexity of behavior patterns used in relationships with other people.

Personality Development

The growth and changes in a person's character and behavior patterns over time.

Socialization

The process by which an individual learns and internalizes the norms, values, and behaviors necessary for functioning within their society.

Personal Distress

A self-focused emotional reaction to another person’s distress.