Question: 1 The primary difference between trade receivables and notes receivable is that Multiple Choice Skipped a note receivable is a promise in writing, whereas

Multiple Choice Skipped a note receivable is a promise in writing, whereas

a trade receivable is created when there is a credit sale on

an open account. trade receivables are classified as current; notes receivable are

classified as long-term. trade receivables are classified as trade receivables, whereas notes

receivable are classified as non-trade. O trade receivables are normal business activity

with customers, whereas notes receivable are from activity with suppliers.

1 The primary difference between trade receivables and notes receivable is that Multiple Choice Skipped a note receivable is a promise in writing, whereas a trade receivable is created when there is a credit sale on an open account. trade receivables are classified as current; notes receivable are classified as long-term. trade receivables are classified as trade receivables, whereas notes receivable are classified as non-trade. O trade receivables are normal business activity with customers, whereas notes receivable are from activity with suppliers.

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