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    Exam 9: Accounting for Receivables
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    A Promissory Note
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A Promissory Note

Question 219

Question 219

Multiple Choice

A promissory note


A) is not a formal credit instrument.
B) may be used to settle an accounts receivable.
C) has the party to whom the money is due as the maker.
D) cannot be factored to another party.

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