Assume That on December 1,a Note Which Has a Face

question 133

Multiple Choice

Assume that on December 1,a note which has a face value of $1,000,bears interest at 6 percent for 90 days,received from a customer as an extension of his of past-due account is honored on due date.The entry that would be made to record the receipt on due date (ignoring interest) is:

• A) Notes receivable 1,000
• Cash 1,000
• B) Accounts receivable 1,000
• Cash 1,000
• C) Accounts receivable 1,000
• Notes receivable 1,000
• D) Cash 1,000
• Notes receivable 1,000

---

Definitions:

Paul Ekman

A psychologist who is best known for his work on the facial expressions of emotion and their relation to our feelings.

Perception of Risk

An individual's assessment and understanding of the potential dangers or threats associated with a particular action or situation.

Emotion Influence

The impact emotions have on cognitive processes and behaviors, including decision-making, creativity, and interpersonal relationships.

Need for Achievement

The motivation to reach a significantly challenging goal, overcome obstacles, and exert a high standard of success in one's endeavors.