Question: Q 7 . Which statements are true about the differences between notes receivable and accounts receivable? ( Select all that apply and then select SUBMIT.
Q Which statements are true about the differences between notes receivable and accounts receivable?
Select all that apply and then select SUBMIT.
Notes receivable are interestbearing assets, while accounts receivable are noninterestbearing assets:
Notes receivable are longterm assets, while accounts receivable are current assets.
Notes receivable are current assets, while accounts receivable are longterm assets.
Notes receivable are written promises that an outside entity will pay the business on or before a specified date, while accounts receivable' are invoices with short term due dates.
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