The receivable that is usually evidenced by a formal instrument of credit is a(n) A. trade receivable.B. note receivable.C. accounts receivable.D. income tax receivable

Respuesta :

Answer:

B. note receivable

Explanation:

The note receivable require the debtor to pay the promise amount at the moment that was agreed.

The note receivable represent a claim over a debtor of credit issued as evidence of debt, it usually requiere the debtor to pay interest.

If the note receivable is due within 1 year it's considered a current asset in the balance sheet.  

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