Which of the Following Statements Is Not True When FLK

question 99

Multiple Choice

Which of the following statements is not true when FLK Company discounts a note receivable to the bank?

• A)FLK may ultimately have to pay the bank when the note is due.
• B)If the maker of the note pays the bank on time,no liability will result to FLK.
• C)FLK will receive the maturity value from the bank.
• D)A contingent liability arises for FLK.

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Definitions:

Persuasive Interview

A structured conversation intended to influence a person’s attitudes, beliefs, or behaviors.

Potential Customer

An individual or entity that could potentially purchase goods or services offered but has not yet done so.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something, or the effect itself.

Unlawful Questions

Refers to inquiries made, especially during job interviews, that are illegal and violate employment laws, often relating to personal attributes such as race, gender, or religion.