A receivable that is evidenced by a formal instrument and that normally requires the payment of interest

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A receivable that is evidenced by a formal instrument and that normally requires the payment of interest is a(n):

(a) account receivable.

(b) trade receivable.

(c) note receivable.

(d) classifi ed receivable

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Accounting Tools For Business Decision Making

ISBN: 9780470377857

3rd Edition

Authors: Paul D. Kimmel

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Question Posted: Feb 11, 2024 05:06 AM

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A receivable that is evidenced by a formal instrument and that normally requires the payment of interest

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c A note receivable represents claims for which formal instruments o...View the full answer

Accounting Tools For Business Decision Making

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