It Is Not Advisable to Accept a Note Receivable in Exchange

question 180

True/False

It is not advisable to accept a note receivable in exchange for an overdue account receivable.

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Definitions:

Indirectly Contribute

To assist or influence in a secondary manner or through an indirect channel or system.

Real Asset

Physical or tangible assets, such as real estate, commodities, or natural resources, which have intrinsic value.

Consumer Durables

Long-term goods purchased by consumers that are expected to last for several years, such as appliances, cars, and furniture.

Real Estate

Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water.