9 TB 08-78 The cash to be received at maturity on a $10... The cash to be received at maturity on a $10,000, 8%, 90-day note receivable is 1 points Multiple Choice $197.26 $5,126.26 $6,187.26 9 $197.26 1 points $5,126.26 $6,187.26 $10,197.26 $12,297.26 10 TB 08-105 All the following are characteristics of not... All the following are characteristics of notes receivable except, notes receivable 1 points Multiple Choice Are usually evidenced by a more formal agreement called a promissory note Generally require the maker to pay interest on the receivable Are generally for a longer period than a regular accounts receivable 10 Are usually evidenced by a more formal agreement called a promissory note 1 points Generally require the maker to pay interest on the receivable Are generally for a longer period than a regular accounts receivable Are used by most businesses for very large amounts and are therefore almost always shown separately on the financial statements The maker is the person who promises to pay the note at maturity