With Regard to Notes Receivable,which of the Following Statements Is

question 105

Multiple Choice

With regard to notes receivable,which of the following statements is correct?

• A) Notes receivable are less formal contracts than accounts receivable.
• B) Notes receivable are also called promissory notes because a written promise to pay is not required.
• C) All notes receivable require the borrower to pledge collateral.
• D) The borrower signs a written promise to pay the lender a definite sum at the maturity date, with interest.

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Definitions:

Chorionic Villus

Tiny, finger-like projections found in the placenta, involved in nutrient exchange between mother and fetus.

Placenta

The structure through which the fetus obtains nourishment during pregnancy; the afterbirth.

Needle

A thin, pointed metal instrument used in sewing, embroidery, or medical injections, capable of puncturing or suturing material.

Third Trimester

The final phase of a pregnancy, lasting from weeks 28 to 40, during which significant fetal growth and maturation occur.