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Business, 16.03.2020 23:28 gigi246899

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. Over the next six months, what effect will accepting the note receivable have on the company's financial statements? Multiple Choice Total revenues increase. Net income increases. All of the other answers are financial statement effects that will occur. Total assets increase.

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