1. Note Receivables \& Account Receivables are reported as the Current Assets section of the...
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1. Note Receivables \& Account Receivables are reported as the Current Assets section of the Statement report of Financial Position, in value a. Invoice cost b. lower of cost of market value c. book value d. cash (net) realizable value 2. Notes that are not paid in full on the maturity date are called: a. nonor or rvenes recervabie b. Sale of Notes Recevaible c. Dishonor of Notes Recevaible d. Notes Receivable discontinue 3. The maturity value of the Note Receivable of 550,000,10%,90-days, is: a. 2559,000 b. 55,000 c. 563,750 d. 605,000 4. If the Note Receivable of $24,000,90-day, 8%, is made on August 5 , then the remaining maturity is: a. 31 October b. 2 November c. 3 November d. November 4 5. The net value of Accounts Receivables and Notes Receivables is recorded in the Current Assets group in the Statement of Financial Position, as: a. net book value b. invoice cost c. cash (net) realizable value d. lower of cost of market value
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