The face value of a note refers to the amount
A)that has been dishonoured.
B)borrowed plus interest received at maturity from the maker.
C)at which the note receivable is recorded.
D)remaining after a service charge has been deducted.

Question

Quizplus · Accepted Answer

The face value of a note receivable refers to the amount at which the note is recorded on the books of the company. It represents the amount that will ultimately be collected from the borrower at the maturity date of the note. The face value does not include any interest or fees that may be charged on the note.

The Face Value of a Note Refers to the Amount