Question: A promissory note: Multiple Choice Is a liability to the payee. Is a written promise to pay a specified amount, usually with interest, either on

A promissory note:
Multiple Choice
Is a liability to the payee.
Is a written promise to pay a specified amount, usually with interest, either on demand or at a stated future date.
Is created when a company sells its receivables to a finance company or bank.
is a short-term investment for the maker.
Cannot be used in payment of an account receivable.

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