A Promissory Note

question 88

Multiple Choice

A promissory note:

• A) Is an account receivable.
• B) Is a written promise to pay a specified amount of money at a certain date.
• C) Is a liability to the payee.
• D) Is a written promise to pay a specified amount of money at a certain date and is a liability to the payee.
• E) All of these answers are correct.

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