A 90-day,10% note for $10,000 dated April 1 is received from a customer on account.The face value of the note is:
A)$10,000.
B)$11,000.
C)$1,000.
D)$9,000.

Name: A 90-day,10% note for $10,000 dated April 1 is received from a customer on account.The face value of the note is: A)$10,000. B)$11,000. C)$1,000. D)$9,000.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The face value of the note is the amount written on the note, which in this case is $10,000. Therefore, the correct answer is A) $10,000.

A 90-Day,10% Note for $10,000 Dated April 1 Is Received