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Why do businesses sometimes accept notes receivable from customers? Question 22 options: The note...

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Accounting

Why do businesses sometimes accept notes receivable from customers? Question 22 options:

The note receivable provides greater legal protection than an account receivable.

The customer is unable to pay the accounts receivable but is willing to provide a note with greater protection and an interest payment.

Accepting the note is a viable alternative to writing the account off as uncollectible

All of the above is correct.

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