13. Notes Receivable is a formal promissory note that has a written promise to pay a certain sum of money at a specific future date. Which statement about Notes Receivable is incorrect? a. it can be short-term or long-term. b. Long-Term Notes Receivable is record at Present Value of cash expected to be collected C. There are Interest-bearing note and Zero-interest-bearing note d. Long-term Notes Receivable is issued at Face Value when the stated rate does not equal to the market rate