- Difference A/R and Notes Receivable - Know how to treat when interest is stated and when it is not stated

Notes Receivable Flashcards by Tanner Rasmussen

Need to Know:

- Know how to treat when interest is stated and when it is not stated

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What is the difference between notes receivable and A/R

More formal, interest element, CPA exam wants to know if you know how to value the note on the balance sheet

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