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why do businesses sometimes accept notes receivable from customers? the note receivable provides greater legal protection than an account receivable the custome is unable to

why do businesses sometimes accept notes receivable from customers? the note receivable provides greater legal protection than an account receivable the custome is unable to pay the accounts receivable but is willing to provide a note with greater protection and an interest payment. accepting the note is a viable alternative to writing the account off as uncollectible all of the above is correct

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