A Promissory Note Received from a Customer in Exchange for an Account

question 66

Multiple Choice

A promissory note received from a customer in exchange for an account receivable:

• A) Is a cash equivalent for the recipient.
• B) Is an account receivable for the recipient.
• C) Is a note receivable for the recipient.
• D) Is a short-term investment for the recipient.
• E) Is a note payable for the recipient.

---

Definitions:

Lysine

An essential amino acid required for protein synthesis and various metabolic processes.

pH Unit

A measure on a scale from 0 to 14 of the acidity or alkalinity of an aqueous solution, where 7 is neutral, values lower than 7 are acidic, and values higher than 7 are basic.

Electrophoresis

A laboratory technique used to separate DNA, RNA, or protein molecules based on their size and electrical charge by applying an electric current to a gel matrix.

Isoelectric Point

The pH at which a molecule, especially an amino acid or protein, carries no net electric charge, making it electrically neutral.