Which of the following is/are not true?
A)Common terminology refers to the financial contract underlying bank loans as a note.
B)Financial contracts underlying bank loans usually appear on the balance sheet under the title Notes Payable.
C)Notes of business firms generally have maturity dates less than approximately ten years.
D)A public market for Notes Payable exists, so the borrower will be able to disengage from the borrowing arrangement prior to maturity.
E)all of the above

Question

Quizplus · Accepted Answer

Unlike bonds, there is no public market for notes payable. Therefore, the borrower cannot easily disengage from the borrowing arrangement prior to maturity.

Which of the Following Is/are Not True