Notes receivable is a common type of long-term financing.

Name: Notes receivable is a common type of long-term financing.
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Notes receivable are typically classified as a current asset on the balance sheet, representing amounts owed to the company that are expected to be received within one year. Long-term financing refers to financial obligations or securities that are due in more than one year, such as long-term loans or bonds payable.

Notes Receivable Is a Common Type of Long-Term Financing