multiple choice question when a company lends money to employees at a rate of 4%, the company will record…

multiple choice question when a company lends money to employees at a rate of 4%, the company will record _______. a liability called notes payable a liability called accounts payable an asset called notes receivable an asset called accounts receivable

multiple choice question when a company lends money to employees at a rate of 4%, the company will record _______. a liability called notes payable a liability called accounts payable an asset called notes receivable an asset called accounts receivable

Answer

Brief Explanations:

When a company lends money to employees, it has a right to receive the money back along with interest. Notes Receivable is used to record formal lending arrangements. Accounts Receivable is for normal sales - related amounts due. Payable accounts are for amounts the company owes. So, the company will record an asset called Notes Receivable.

Answer:

an asset called Notes Receivable