On the date of issue, a note receivable is recorded on the statement of financial position at its maturity value.

Name: On the date of issue, a note receivable is recorded on the statement of financial position at its maturity value.
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A note receivable is recorded at its face value (the amount borrowed) on the statement of financial position on the date of issue. The maturity value includes any interest that will accumulate over the life of the note and is only recorded at the time of maturity.

On the Date of Issue, a Note Receivable Is Recorded