Multiple Choice
The Grass is Greener Corporation is owed $11,890 from a client for landscaping.The account is overdue and the client is having difficulty paying.Why might the Grass is Greener Corporation extend a note receivable to the client?
A) The loan will decrease the net income of the Grass is Greener Corporation for the current accounting period.
B) The loan will strengthen the Grass is Greener Corporation's legal right to be repaid with interest.
C) The loan will reduce the tax liability for the Grass is Greener Corporation.
D) The loan will eliminate any doubts of collection of the amount due.
Correct Answer:

Verified
Correct Answer:
Verified
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