Multiple Choice
If Winner Ltd.accepts a note receivable from Loser Inc.for the sale of equipment
A) Loser is the payee of the note and Winner is the maker of the note.
B) Loser is the maker of the note and Winner is the payee of the note.
C) Loser is the creditor and Winner is the debtor.
D) Loser has a note receivable and Winner has a note payable.
Correct Answer:
Verified
Correct Answer:
Verified
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