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10 January, 18:21

The receivable that is usually evidenced by a formal instrument of credit is a (n) A. trade receivable. B. note receivable. C. accounts receivable. D. income tax receivable

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  1. 10 January, 18:29
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    B. note receivable

    Explanation:

    The note receivable require the debtor to pay the promise amount at the moment that was agreed.

    The note receivable represent a claim over a debtor of credit issued as evidence of debt, it usually requiere the debtor to pay interest.

    If the note receivable is due within 1 year it's considered a current asset in the balance sheet.
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