Question: A promissory note: Multiple Choice O Is a liability to the payee. O Cannot be used in payment of an account receivable. O Is a

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

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