On June 8, Acme Co. issued an $80,000, 6%, 120-day note payable to Still Co.What is the due date of the note?
A. 42285
B. 42284
C. 42283
D. 42282
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If the maker of a promissory note fails to pay the note on the due date, the note is said to be ____.
A. displaced
B. disallowed
C. dishonored
D. discounted
On June 8, Acme Co. issued an $80,000, 6%, 120-day note payable to Still Co.What is the maturity value of the note?
A. 80100
B. 84800
C. 81600
D. 81200
IAS 12 income tax covers _____.
A. payroll tax
B. current tax
C. deffered tax
D. sales tax
What are the liabilities which must eventually be repaid to the bank?
A. Expenditure
Bank loans
C. Promissory note
D. Bank overdraft