On November 1,2018,The Bagel Factory Signed a $100,000,6%,six-Month Note Payable

question 71

Multiple Choice

On November 1,2018,The Bagel Factory signed a $100,000,6%,six-month note payable with the amount borrowed plus accrued interest due six months later on May 1,2019.The Bagel Factory should report interest payable at December 31,2018,in the amount of:

• A)$0.
• B)$1,000.
• C)$2,000.

---

Definitions:

Right To Amend

The legal entitlement to make changes to personal records, often in the context of healthcare information.

Original Student Record

The primary documentation of a student's educational history and achievements, typically maintained by educational institutions.

Health Insurance Portability

A feature of health insurance policies that allows individuals to retain their health insurance coverage when they change jobs or their employment status changes.

Accountability Act

A legislative measure designed to hold individuals or entities responsible for their actions or to ensure compliance with standards.