The amount of the promissory note plus the interest earned on the due date is called the
A) realizable value
B) maturity value
C) face value
D) net realizable value

Question

Quizplus · Accepted Answer

Maturity value refers to the total amount due on a promissory note on its maturity date, which includes both the principal amount and accrued interest. Realizable value refers to the amount of money a company can expect to receive from the sale of an asset. Face value refers to the nominal value of a security or the original amount of a financial instrument, such as a bond or a note. Net realizable value refers to the estimated selling price of an asset, less any estimated costs of selling or disposal.

The Amount of the Promissory Note Plus the Interest Earned