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Which of the following statements is true? Notes receivable are always classified as current
assets.. Notes receivable usually have longer collection terms than accounts receivable. Accounts
receivable are liabilities.. Accounts receivable are more liquid than cash.
Solution
Answer (B) Note receivable usually have longer terms than account receivable.

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Which of the following statements is true Notes receivable are alwa.pdf

  • 1. Which of the following statements is true? Notes receivable are always classified as current assets.. Notes receivable usually have longer collection terms than accounts receivable. Accounts receivable are liabilities.. Accounts receivable are more liquid than cash. Solution Answer (B) Note receivable usually have longer terms than account receivable.