The Primary Difference Between a Note Receivable and an Account

question 84

Multiple Choice

The primary difference between a note receivable and an account receivable is:

• A)A note receivable cannot be classified as a current asset.
• B)Borrowers have the option of not paying a note receivable.
• C)An account receivable is more likely to be collected.
• D)A note receivable is evidenced by a written debt instrument.

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Definitions:

Predominantly Heterosexual

A term describing individuals whose sexual orientation is mainly towards the opposite sex, though there may be exceptions.

Incidentally Gay

Describes someone who identifies as homosexual in a casual or non-definitive manner, often implying a fluidity of sexual orientation.

Heterosexual Counterparts

Referring to the opposite-sex equivalents or members in contexts comparing gender, sexual orientation, or sexual relationships.

Gays and Lesbians

Individuals who are attracted to people of the same sex, with "gays" typically referring to homosexual men and "lesbians" to homosexual women.