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A promissory note: A. Is a short-term investment for the maker. B. Is a written promise to pay a specified amount of money at a
A promissory note:
A. Is a short-term investment for the maker.
B. Is a written promise to pay a specified amount of money at a certain date.
C. Is a liability to the payee.
D. Is another name for an installment receivable.
E. cannot be used in payment of an account receivable.
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