The interest revenue from a 6, 2-year note receivable will not be recorded until the year the ...

The interest revenue from a 6, 2-year note receivable will not be recorded until the year the interest is collected.

Indicate whether the statement is true or false

(Q. 2) A minimum cash balance required by a bank is called
a. cash in bank
b. a cash equivalent
c. a compensating balance
d. an EFT

(Q. 3) Borrowing cash is ________ activity.

A) an operating
B) an investing
C) a financing
D) both an investing activity and a financing

(Q. 4) A schedule of accounts payable is used to prove that the sum of the accounts payable ledger balances equals the Accounts Payable balance in the general ledger.
a. True
b. False
Indicate whether the statement is true or false

(Q. 5) A series of equal payments in which the payment is made at the end of each period is a(n) ________.

A) annuity due
B) ordinary annuity
C) prepaid annuity
D) beginning annuity

(Q. 6) The edit that compares calculations performed manually to those performed by the computer to determine if a document has been entered correctly is referred to as mathematical accuracy checks.
Indicate whether the statement is true or false

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The interest revenue from a 6, 2-year note receivable will not be recorded until the year the ...

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