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Which of the following is true regarding notes receivables? A notes receivable is always a long-term asset. A notes receivable is always a current asset.

Which of the following is true regarding notes receivables?

A notes receivable is always a long-term asset.

A notes receivable is always a current asset.

A note is a more formal document than an account receivable.

A note is a less formal document than an account receivable.

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