Answer:
A : It can be transferred to another party by endorsement.
Explanation:
Notes receivable:-
It is a kind of an account on balance sheet. If the life of this account is less than one year, it is usually under current assets section. It is a written promise which is used to receive the money on the fixed future date. The money involved in this accounts is both the principle and the interest.
It can be collected between any two parties. It is just a promise account and thus, does not eliminate any kind of allowance.
Hence, the correct statement is:-<u> A : It can be transferred to another party by endorsement.</u>
All vessels are divided into two categories:
stand on vessels: these are those that have the privilege to maintain their course and speed when operating near another vessel.
Give way vessel: these are those vessels that are mandated to keep away from stand on vessels when the two are near each other.
When two boats are operating near each other, the STAND ON VESSEL must maintain its course and speed while the give way vessel must take precautions and early actions to keep out of the way of the stand on vessel.
Explanation:
What is the cost of credit?
Credit costs an additional amount of money. The borrower must repay the amount of the loan–the principal–plus interest to the lender. Generally, repayments are made on an installment basis over the life of the loan. In some instances, one payment of principal and interest is made at the maturity of the loan.
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