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Which of the following statements about short-term notes receivable is FALSE? Select one: A. They may use the same calculations as accounts receivable to determine
Which of the following statements about short-term notes receivable is FALSE? Select one: A. They may use the same calculations as accounts receivable to determine the carrying amount. B. They are always reported at the principal amount. C. They may have a related allowance account called Allowance for Doubtful Notes Receivable. D. They are reported in current assets.
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