Question: Given the descriptions below, which is ( are ) true regarding notes receivable? ( Check all that apply. ) A Note receivable is the promise

Given the descriptions below, which is (are) true regarding notes receivable? (Check all that apply.)
A Note receivable 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.
Given the descriptions below, which is (are) true regarding notes receivable?

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