Question: When a customer dishonors the payment on the maturity date of a Notes Receivable, it is continued to be recorded as an asset under the

 When a customer dishonors the payment on the maturity date of

When a customer dishonors the payment on the maturity date of a Notes Receivable, it is continued to be recorded as an asset under the Notes Receivables section under the same terms mentioned in the original note. True False

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