Which of the following is a way of disposing of a note receivable?
A)Holding it until it is paid on the maturity date.
B)Selling it to receive cash before the maturity date.
C)Holding it until the maker defaults on the maturity date.
D)All of these are ways to dispose of notes receivable.

Question

Quizplus · Accepted Answer

All the options listed are ways to dispose of a note receivable: holding it until maturity, selling it before maturity, or holding it until default.

Which of the Following Is a Way of Disposing of a Note