A Business Is Holding a Note Receivable and Wishes to Cash

question 124

Multiple Choice

A business is holding a note receivable and wishes to cash it in before its maturity date by selling it to a bank.If the business receives less than the maturity value of the note,the difference is treated as:

• A) Interest revenue.
• B) Sales revenue.
• C) Gain on sale of property, plant & equipment.
• D) Interest expense.

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Definitions:

Financial Gain

The increase in monetary resources or wealth, often as a result of investments, business ventures, or other economic activities.

Retaining Mates

Strategies or behaviors employed to keep a romantic partner or ensure a long-term commitment.

Parenting Offspring

The act of raising and nurturing children, encompassing physical care, emotional support, and guidance for development.

Sexual Gratification

The pleasure and satisfaction derived from sexual activities or thoughts, which can contribute to an individual's overall sense of well-being.