Question: Given the descriptions below, which are true regarding notes receivable? Multiple select question. Notes receivable is classified as an asset. It is the promise of

Given the descriptions below, which are true regarding notes receivable?
Multiple select question.
Notes receivable is classified as an asset.
It is the promise of another entity to pay a specific sum of money on a specified future date.
Notes receivable is classified as a liability.
Another name for a note receivable is a promissory note.

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