Business, 17.02.2020 19:26 quetzaliescalona

Suppose a customer is unable to pay its account on time, so the company accepts a six-month interest-bearing note receivable to replace the customer's account receivable. What effect will accepting the note receivable have on the company's financial statements at the time of acceptance?

A) Total assets decrease.

B) No change in total assets.

C) Total revenues increase.

D) Total assets increase.

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Suppose a customer is unable to pay its account on time, so the company accepts a six-month interest...

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