Anthony Loaned $2,000 to Cleopatra for One Year at 10

question 57

Multiple Choice

Anthony loaned $2,000 to Cleopatra for one year at 10% interest,all due at maturity.He insisted the terms of the transaction be formalized in a promissory note.In this situation:

• A)The maturity value of the note is $2,000.
• B)Anthony is considered the maker of the note and records the note as an asset in his accounting records.
• C)Anthony is considered the maker of the note and records the note as a liability in his accounting records.
• D)Cleopatra is considered the maker of the note and records the note as a liability in her accounting records.

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The state of having equal or appropriate proportions, often used in the context of work-life balance or balancing competing interests.

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Pertaining to the occipital lobe at the back of the brain, associated with visual processing.