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Homework answers / question archive / A promissory note received from a customer in exchange for an account receivable: Is a cash equivalent for the recipient

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

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

    1. Is a cash equivalent for the recipient.
    2. Is an account receivable for the recipient.
    3. Is a note receivable for the recipient.
    4. Is a short-term investment for the recipient.
    5. Is a note payable for the recipient.

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