Your roommate is uncertain about the advantages of a promissory note. Compare the advantages of a note

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Your roommate is uncertain about the advantages of a promissory note. Compare the advantages of a note receivable with those of an account receivable.

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Accounting Principles

ISBN: 9781118566671

11th Edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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Question Posted: Sep 20, 2011 09:14 AM

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ra em val va Accounts Receivable Estimated percent uncollectible $ 1-30 Days 85,000 $ 0.6% Age of Accounts 31-60 Days 61-90 Days Over 90 Days 20,000 $ 40,000 8.0% 54.0% 65,000 $ 2.0% unt
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Your roommate is uncertain about the advantages of a promissory note. Compare the advantages of a note

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A promissory note gives the holder a stronger legal claim tha...View the full answer

Accounting Principles

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