Examlex
Which of the following is true about implicit intents? (Choose two)
Expense Recognition
An accounting principle that dictates the timing of reporting an expense in the financial statements.
Dishonors
Refers to the failure to accept or pay a bill of exchange or promissory note when due.
Dishonored Note
A promissory note that has not been paid by the maker at maturity.
Maturity
The date on which a financial obligation or investment becomes due for payment or achieves its full value.
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