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Which of the following is not true of algae
Discounts a Note
The process of reducing the face value of a promissory note, usually to accelerate cash flow or recognize interest income prior to its receipt.
Note Matures
The point in time when a promissory note, bond, or other financial instrument's principal is due to be paid back.
Financial Statement
A written report which quantitatively describes the financial health of a company; it includes the income statement, balance sheet, statement of cash flows, and statement of retained earnings.
Normal Balance
The side (debit or credit) of an account that is expected to have a higher balance based on the accounting rules.
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