Question: A note receivable is considered impaired when a . it is probable that the creditor will be unable to collect all amounts due. b .

A note receivable is considered impaired when
a.it is probable that the creditor will be unable to collect all amounts due.
b.the debtor misses an interest or principal payment.
c.the market value of the note is less than its book value.
d.the market value of interest exceeds the original contract interest rate.

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