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Tutorial 16553

A promissory note received from a customer in exchange for an account receivable: a. Is a note receivable for the recipient? b. Is a cash equivalent...

Question:

A promissory note received from a customer in exchange for an account receivable:

a.            Is a note receivable for the recipient?

b.            Is a cash equivalent for the recipient?

c.             Is an account receivable for the recipient?

d.            Is a note payable for the recipient?

 e.           Is a short-term investment for the recipient?

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