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1. Among the different classes of receivables, which of the following is classified as other receivables? a. Interest Receivables b. Trade Receivables C. Notes Receivables

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1. Among the different classes of receivables, which of the following is classified as other receivables? a. Interest Receivables b. Trade Receivables C. Notes Receivables d. Allowance for Doubtful Accounts None of the above. e. 2. What is a note receivable? a. A receivable created on credit sales with not more than a term of 30 days b. A receivable evidenced by a promissory note with a term of 60 days or more A receivable that is due from officers and employees of a firm d. A receivable due to hedge fund e. None of the above. C. 3. Sometimes receivables are uncollectible. There are two methods of accounting that are used for writing off uncollectible accounts. What are they? Direct write-off method and the allowance method b. The allowance method and the accrual method Allowance method and the net realizable method d. Direct write-off method and the accrual method None of the above. C. e

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