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    Fundamental Financial Accounting Concepts Study Set 1
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    Exam 7: Accounting for Receivables
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    Which of the Following Is (Are)the Term(s)used to Describe the Person
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Which of the Following Is (Are)the Term(s)used to Describe the Person

Question 40

Question 40

Multiple Choice

Which of the following is (are) the term(s) used to describe the person responsible for making payment on the due date of a promissory note?


A) Lender or maker
B) Maker or debtor
C) Borrower
D) Borrower or maker or debtor

Correct Answer:

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