Multiple Choice
In discounting a note payable, the principal of the loan left after the discount has been subtracted is called the _____.
A) proceeds
B) discounted principal
C) net principal
D) maturity value
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q2: On May 15, Winterz Company received a
Q3: Jenny Cosmetics bought $1,000 worth of merchandise
Q4: Ross Company holds a 90-day, 6 percent
Q5: In discounting notes receivable, a financial institution
Q6: The due date of a promissory note
Q8: A note is considered discounted when its
Q9: Which of the following is true about
Q10: Omega Company granted an extension on an
Q11: A company bought merchandise worth $800 on
Q12: A company accepts a 90-day, 9 percent,