When a Note Matures,the Maker Should Record

question 117

Multiple Choice

When a note matures,the maker should record:

• A) interest expense
• B) interest revenue
• C) interest receivable
• D) unearned revenue

Understand the roles and duties of an agent to the principal.

Distinguish between the concepts of agent, principle, and employee within the context of business law.

Recognize the legal implications of actions taken by agents on behalf of undisclosed principals.

Understand the principle of vicarious liability in partnerships.