All of the Following Are Characteristics of Notes Receivable Except

question 32

Multiple Choice

All of the following are characteristics of notes receivable except, notes receivable:

• A)are usually evidenced by a more formal agreement called a promissory note.
• B)generally require the maker to pay interest on the receivable.
• C)are generally for a longer period than a regular accounts receivable.
• D)are used by most businesses for very large amounts and are therefore almost always shown separately on the financial statements.

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Definitions:

Atonic

Lacking normal muscle tone or strength; often refers to a type of seizure or to a condition affecting bodily muscles.

Myasthenia Gravis

A chronic autoimmune disorder characterized by weakness and rapid fatigue of any of the muscles under your voluntary control, due to a breakdown in communication between nerves and muscles.

Autoimmune Disease

A disorder in which the body's immune system attacks its own tissues, mistaking them for foreign invaders.

Muscular Weakness

A reduction in the strength of one or more muscles, often resulting in an inability to exert force with one's muscles to the normal extent.