Notes may be issued
A) when assets are purchased
B) to creditors to temporarily satisfy an account payable created earlier
C) when borrowing money
D) for all of these

Question

Quizplus · Accepted Answer

Notes may be issued for all of these reasons. They can be issued when assets are purchased to finance the purchase. They can also be issued to creditors to temporarily satisfy an account payable created earlier. Additionally, they can be issued when borrowing money from financial institutions, such as banks.

Notes May Be Issued