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.

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Definitions:

Hyperopia

A vision condition also known as farsightedness, where distant objects are seen more clearly than near objects due to the eyeball being too short.

Optic Neuritis

Optic neuritis is the inflammation of the optic nerve that can cause a temporary reduction in vision, usually in one eye, characterized by pain with eye movement and visual disturbances.

Neurologic Visual Disorder

A condition affecting the nervous system that leads to visual impairments.

Peak Sensitivity

The highest level of responsiveness to a stimulus or range of stimuli by sensory systems.