A Note Receivable Due in Five Years Is Listed on the Balance

question 15

Multiple Choice

A note receivable due in five years is listed on the balance sheet under the caption:

• A) investments.
• B) current assets.
• C) fixed assets.
• D) stockholders' equity.

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Definitions:

Intelligence

The capacity to acquire knowledge from experiences, address challenges, and apply understanding to adjust in novel contexts.

Stanford-Binet IQ

An individually administered intelligence test that was first revised from the Binet-Simon Scale and is used to assess intellectual abilities and cognitive strengths and weaknesses.

Adaptive Behavior

The collection of conceptual, social, and practical skills that individuals have learned to be able to function in their everyday lives.

Mildly Retarded

This term is considered outdated and offensive; it previously referred to individuals showing below-average intellectual functioning and adaptive behavior, now more appropriately referred to as having mild intellectual disability.