Multiple Choice
Notes receivable ________.
A) represent an oral promise to pay a fixed amount of principal plus interest on the maturity date
B) are included in a miscellaneous category called other receivables
C) due within 12 months or within the normal operating cycle if the cycle is longer than a year are considered long-term assets
D) are supported by a promissory note
Correct Answer:

Verified
Correct Answer:
Verified
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