A Company's Formal Promise to Pay (In the Form of a Promissory

question 171

Multiple Choice

A company's formal promise to pay (in the form of a promissory note) a future amount is a(n) :

• A)Unearned revenue.
• B)Prepaid expense.
• C)Credit account.
• D)Note payable.
• E)Account receivable.

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Definitions:

Dispositional Attribution

The process of attributing behavior to internal factors, such as personality traits, beliefs, or emotions, rather than external situational forces.

Cognitive Dissonance

Psychological discomfort experienced by an individual who holds contradictory beliefs, ideas, or values simultaneously.

Car Accident

A collision involving one or more vehicles, often resulting in vehicle damage and potential injury to people involved.

Fundamental Attribution Error

The tendency to underestimate the influence of external factors and overestimate the impact of internal factors when evaluating the actions of others.