A Promissory Note Comes Due on The

question 125

Multiple Choice

A promissory note comes due on the:

• A)discount date.
• B)maturity date.
• C)interest note.
• D)issue date.

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Definitions:

Common Stock

A type of equity ownership in a corporation, representing a claim on a portion of the profits and assets.

Subscriptions Receivable-Common Stock

An account representing amounts due from subscribers who have agreed to buy shares of common stock, not yet paid for.

Paid-In Capital in Excess

Funds received from investors above the par value of the shares issued, also known as additional paid-in capital.

Paid in Capital in Excess

The amount received from shareholders in excess of the par or stated value of the shares, also known as additional paid-in capital or share premium.