If a Company Receives a Note Receivable on Account

question 174

Multiple Choice

If a company receives a note receivable on account:

• A) notes receivable will decrease.
• B) accounts receivable will increase.
• C) total assets will increase.
• D) total assets will remain the same.

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Definitions:

Microbial

Related to microbes.

Microbes

Microscopic organisms, including bacteria, viruses, fungi, and protozoa.

Aseptic Technique

A set of practices and procedures performed under sterile conditions to minimize the risk of infection.

Contamination

The presence of unwanted substances or impurities that can cause harm or reduce purity.