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tatuchka [14]
3 years ago
14

IBM signs an agreement to lend one of its customers $200,000 to be repaid in one year at 5% interest. IBM would record this loan

as: A. Notes Payable. B. Notes Receivable. C. Accounts Receivable. D. Unearned Revenue.
Business
1 answer:
Olenka [21]3 years ago
4 0

Answer:

B. Notes Receivable.

Explanation:

Since the company is signed an agreement for lending out of its customers for $200,000 that could be repaid in one year at 5% interest so it is not revenue not note payable and also not account receivable

Therefore it is a note receivable

Hence, the option b is correct

and, the same is to be considered and relevant

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