A business repays the amount borrowed on a note with cash. Which of the following accounts is debited?
A) Cash
B) Accounts Payable
C) Notes Payable
D) Notes Receivable
Answer: C) Notes Payable
Business
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Routine Response Behavior has ______ involvement, Limited response behavior has ________ involvement, extensive response behavior has ______ involvement
Fill in the blank(s) with the appropriate word(s).
Business
What type of risk is being rated when bond agencies assign ratings to outstanding debt? What are the two main reasons for having bond agencies rate bonds?
What will be an ideal response?
Business