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Scenario: Your company lends $ 1 0 , 0 0 0 to a customer by issuing a note receivable, which is due in 6 months
Scenario:
Your company lends $ to a customer by issuing a note receivable, which is due in months at a rate of
Explanation:
What does the note receivable represent for the company lending the money?
Scenario:
Your company lends $ to a customer by issuing a note receivable, which is due in months at a rate of
Explanation:
What does the note receivable represent for the company lending the money?
Revenue.
A liability.
A asset.
Interest expense.
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