ACC 202
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8.1-1	The two major types of receivables are accounts receivable and notes receivable. 
 
Answer: True LO: 8-1 
Diff: 1 
EOC Ref: S8-1 
AACSB: Knowledge/Content 
AICPA Business Perspective Competencies: Strategic/Critical Thinking AICPA Functional Competencies: Measurement, Reporting 
 
8.1-2	The creditor is the entity that signs a note. 
 
Answer: False LO: 8-1 
Diff: 1 
EOC Ref: Accounting Vocabulary AACSB: Knowledge/Content 
AICPA Business Perspective Competencies: Strategic/Critical Thinking...
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8.1-1	The two major types of receivables are accounts receivable and notes receivable. 
 
Answer: True LO: 8-1 
Diff: 1 
EOC Ref: S8-1 
AACSB: Knowledge/Content 
AICPA Business Perspective Competencies: Strategic/Critical Thinking AICPA Functional Competencies: Measurement, Reporting 
 
8.1-2	The creditor is the entity that signs a note. 
 
Answer: False LO: 8-1 
Diff: 1 
EOC Ref: Accounting Vocabulary AACSB: Knowledge/Content 
AICPA Business Perspective Competencies: Strategic/Critical Thinking...