Which of the Following Are Similarities Between a Six-Month Note

question 35

Multiple Choice

Which of the following are similarities between a six-month note receivable and an account receivable? They both are:

• A)formal written contracts.
• B)interest bearing.
• C)current liabilities.
• D)current assets.

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Definitions:

Economic Advantage

A benefit or edge that allows an entity, such as a business or country, to outperform competitors or achieve superior economic outcomes.

Fracking

A method of extracting oil and natural gas from the earth by injecting high-pressure fluid into subterranean rocks to force open fissures.

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Treaties between two or more geographically close countries that facilitate trade by reducing tariffs and import quotas, enhancing economic integration.