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Which of the following statements about notes receivable is NOT TRUE? They are called dishonoured when the maker defaults on the interest payments. O They

Which of the following statements about notes receivable is NOT TRUE? They are called dishonoured when the maker defaults on the interest payments. O They are reported at their principal amount. They have the same basic issues as accounts receivable. O They have a related allowance account called Allowance for Doubtful Notes

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