A Written Promise to Pay a Definite Sum of Money

question 62

Multiple Choice

A written promise to pay a definite sum of money on a specific future date is a(n) :

• A)Unearned revenue
• B)Prepaid expense
• C)Credit account
• D)Note payable
• E)Account receivable

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Definitions:

Green Chemistry Principles

Guidelines aimed at designing products and processes that minimize the use and generation of hazardous substances to protect the environment.

Industrial Processing

The series of operations and procedures involved in transforming raw materials into finished goods or products within an industrial setting.

Sustainability

The practice of maintaining processes or states in a manner that avoids depleting natural resources, allowing ecological balance to be maintained for future generations.

Thinking Like

The approach or mindset adopted in order to resemble or replicate the thought processes of a particular group, situation, or individual.