80.2K
Verified Solution
Link Copied!
The principal reason for converting a customer's account receivable to a note receivable is:
Select one:
a. the note receivable earns interest and the account receivable does not.
b. the receivable is less likely to have to be written off as uncollectible.
c. working capital is immediately increased.
d. the customer is more likely to continue purchasing the company's products.
Answer & Explanation
Solved by verified expert
