Notes payable: Notes payable is a liability which represents the loan taken by the business of the business transactions. A note payable can be issued by a debtor to its creditor for the liability of payments for issuing supplies. Bonds Payable: Bonds payable represents the large-scale loan taken by the business for a major capital requirement. Bonds payable are issued to the public for raising the funds. To Indicate: The main difference between notes payable and bonds payable

Question

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Answer 1

Question

Chapter 14, Problem 1DQ

To determine

Concept Introduction:

Notes payable: Notes payable is a liability which represents the loan taken by the business of the business transactions. A note payable can be issued by a debtor to its creditor for the liability of payments for issuing supplies.

Bonds Payable: Bonds payable represents the large-scale loan taken by the business for a major capital requirement. Bonds payable are issued to the public for raising the funds.

To Indicate: The main difference between notes payable and bonds payable

Expert Solution & Answer

Explanation of Solution

Explanation:

Note payable and bonds payable are same for the purpose of the accounting, but the main difference between the two is their purpose of origin. Notes payable is a liability which represents the loan taken by the business of the business transactions. Bonds payable represents the large-scale loan taken by the business for a major capital requirement.

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Based on the results of the Sales Order Aging as of December 31, 2022 visualization, what conclusion can be made regarding the outstanding sales orders? a. The sales aging group with the highest value of outstanding sales orders is 90+ days and the sales aging group with the lowest value of outstanding sales orders is 31-60 days. b. The 90+ days sales aging group had a value of outstanding sales orders that was twice as much as the 31-60 days sales aging group. c. The 61-90 days sales aging group had a value of outstanding sales orders that was twice as much as the 31-60 days sales aging group. d. The sales aging group with the highest value of outstanding sales orders is 90+ days and the sales aging group with the lowest value of outstanding sales orders is 61-90 days.

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Financial accounting

Answer 2

Question

Chapter 14, Problem 1DQ

To determine

Concept Introduction:

Notes payable: Notes payable is a liability which represents the loan taken by the business of the business transactions. A note payable can be issued by a debtor to its creditor for the liability of payments for issuing supplies.

Bonds Payable: Bonds payable represents the large-scale loan taken by the business for a major capital requirement. Bonds payable are issued to the public for raising the funds.

To Indicate: The main difference between notes payable and bonds payable

Expert Solution & Answer

Explanation of Solution

Explanation:

Note payable and bonds payable are same for the purpose of the accounting, but the main difference between the two is their purpose of origin. Notes payable is a liability which represents the loan taken by the business of the business transactions. Bonds payable represents the large-scale loan taken by the business for a major capital requirement.

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Answer 3

Question

Chapter 14, Problem 1DQ

To determine

Concept Introduction:

Notes payable: Notes payable is a liability which represents the loan taken by the business of the business transactions. A note payable can be issued by a debtor to its creditor for the liability of payments for issuing supplies.

Bonds Payable: Bonds payable represents the large-scale loan taken by the business for a major capital requirement. Bonds payable are issued to the public for raising the funds.

To Indicate: The main difference between notes payable and bonds payable

Expert Solution & Answer

Explanation of Solution

Explanation:

Note payable and bonds payable are same for the purpose of the accounting, but the main difference between the two is their purpose of origin. Notes payable is a liability which represents the loan taken by the business of the business transactions. Bonds payable represents the large-scale loan taken by the business for a major capital requirement.

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Answer 4

Question

Chapter 14, Problem 1DQ

To determine

Concept Introduction:

Notes payable: Notes payable is a liability which represents the loan taken by the business of the business transactions. A note payable can be issued by a debtor to its creditor for the liability of payments for issuing supplies.

Bonds Payable: Bonds payable represents the large-scale loan taken by the business for a major capital requirement. Bonds payable are issued to the public for raising the funds.

To Indicate: The main difference between notes payable and bonds payable

Expert Solution & Answer

Explanation of Solution

Explanation:

Note payable and bonds payable are same for the purpose of the accounting, but the main difference between the two is their purpose of origin. Notes payable is a liability which represents the loan taken by the business of the business transactions. Bonds payable represents the large-scale loan taken by the business for a major capital requirement.

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Answer 5

Chapter 14, Problem 1DQ

To determine

Concept Introduction:

Notes payable: Notes payable is a liability which represents the loan taken by the business of the business transactions. A note payable can be issued by a debtor to its creditor for the liability of payments for issuing supplies.

Bonds Payable: Bonds payable represents the large-scale loan taken by the business for a major capital requirement. Bonds payable are issued to the public for raising the funds.

To Indicate: The main difference between notes payable and bonds payable

Expert Solution & Answer

Explanation of Solution

Explanation:

Note payable and bonds payable are same for the purpose of the accounting, but the main difference between the two is their purpose of origin. Notes payable is a liability which represents the loan taken by the business of the business transactions. Bonds payable represents the large-scale loan taken by the business for a major capital requirement.

Answer 6

Chapter 14, Problem 1DQ

To determine

Concept Introduction:

Notes payable: Notes payable is a liability which represents the loan taken by the business of the business transactions. A note payable can be issued by a debtor to its creditor for the liability of payments for issuing supplies.

Bonds Payable: Bonds payable represents the large-scale loan taken by the business for a major capital requirement. Bonds payable are issued to the public for raising the funds.

To Indicate: The main difference between notes payable and bonds payable

Expert Solution & Answer

Explanation of Solution

Explanation:

Note payable and bonds payable are same for the purpose of the accounting, but the main difference between the two is their purpose of origin. Notes payable is a liability which represents the loan taken by the business of the business transactions. Bonds payable represents the large-scale loan taken by the business for a major capital requirement.

Answer 7

Chapter 14, Problem 1DQ

To determine

Concept Introduction:

Notes payable: Notes payable is a liability which represents the loan taken by the business of the business transactions. A note payable can be issued by a debtor to its creditor for the liability of payments for issuing supplies.

Bonds Payable: Bonds payable represents the large-scale loan taken by the business for a major capital requirement. Bonds payable are issued to the public for raising the funds.

To Indicate: The main difference between notes payable and bonds payable

Answer 8

Expert Solution & Answer

Explanation of Solution

Explanation:

Note payable and bonds payable are same for the purpose of the accounting, but the main difference between the two is their purpose of origin. Notes payable is a liability which represents the loan taken by the business of the business transactions. Bonds payable represents the large-scale loan taken by the business for a major capital requirement.