How Does an Account Receivable Differ from a Note Receivable

question 5

Multiple Choice

How does an account receivable differ from a note receivable?

• A)A note receivable is an asset while an account receivable is not.
• B)An account receivable is a written pledge while a note receivable is not.
• C)An account receivable is always an amount due from the company's customers while a note receivable is always an amount due from a bank.
• D)Notes receivable are written pledges while Accounts Receivable are not.

---

Definitions:

Totalitarianism

A form of government in which the state holds total authority over society and seeks to control all aspects of public and private life whenever possible.

Truman Doctrine

A U.S. foreign policy established in 1947 that aimed to contain the spread of communism through economic and military aid to countries resisting Soviet influence.

Taft-Harley Act

Also known as the Labor Management Relations Act of 1947, this law restricted the power and activities of labor unions in the United States.

Decolonization

The process by which African and Asian colonies of European empires became independent in the years following World War II.