With Regard to Notes Receivable,which of the Following Statements Is

Multiple Choice

With regard to notes receivable,which of the following statements is correct?

A) Notes receivable are less formal contracts than accounts receivable.
B) Notes receivable are also called promissory notes because a written promise to pay is not required.
C) All notes receivable require the borrower to pledge collateral.
D) The borrower signs a written promise to pay the lender a definite sum at the maturity date, with interest.