1. What is the distinction between an account receivable and a note receivable? 2. On December 31, Stockton Inc. invests idle cash in two different certificates of deposit. The first is an 8%, 90-day...

1. What is the distinction between an account receivable and a note receivable?

2. On December 31, Stockton Inc. invests idle cash in two different certificates of deposit. The first is an 8%, 90-day CD, and the second has an interest rate of 9% and matures in 120 days. How is each of these CDs classified on the December 31 balance sheet?