Which of the Following Is a Written Promise to Pay

question 94

Multiple Choice

Which of the following is a written promise to pay?

• A)Account receivable
• B)Account payable
• C)Note payable
• D)Dividend payable

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Definitions:

Held-to-Maturity Securities

Investment securities that a company has the intent and ability to hold until a specified maturity date.

Interest Revenue

Income earned from lending investments or depositing funds in interest-bearing accounts, often reported on the income statement.

Held-to-maturity Securities

Held-to-maturity Securities are debt securities that an investor intends and is able to hold until their maturity date, recorded at amortized cost in financial statements.

Maturity Date

The date on which a debt instrument (like a bond) or other financial obligation becomes due and is to be paid off.