The Accounting Issues for Notes Receivable Are Similar to Those

Multiple Choice

The accounting issues for notes receivable are similar to those for accounts receivable,with this exception:

A) Unlike accounts receivable,which are interest-free until they become overdue,notes receivable charge interest from the day they are created to the day they are due (their maturity date) .
B) Unlike notes receivable,which are interest-free until they become overdue,accounts receivable charge interest from the day they are created to the day they are due (their maturity date) .
C) There are no exceptions,they are similar.
BT: Comprehension