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An Unconditional Written Promise to Pay a Definite Sum of Money

Question 38

Multiple Choice

An unconditional written promise to pay a definite sum of money on demand or on adefined future date (or dates) is a(n) :


A) Unearned revenue.
B) Promissory note.
C) Account payable.
D) Account receivable.
E) Prepaid expense.

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