1) the requested loan can be repaid in 1, 2, 3, or 4 periods, while the emergency loan must be refunded in the next period. 2) The redemption of the financial investment is carried out automatically if cash resources are missing. Otherwise, the rescue will not take place 3) The percentage of income tax can not be changed between periods.

1) the requested loan can be repaid in 1, 2, 3, or 4 periods, while the emergency loan must be refunded in the next period. 2) The redemption of the financial investment is carried out automatically if cash resources are missing. Otherwise, the rescue will not take place 3) The percentage of income tax can not be changed between periods.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 13MC: Which of the following is not a characteristic of a short-term note payable? A. Payment is due in...

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